20.5 C
Sunday, September 20, 2020
Home News Concor back on the radar

Concor back on the radar

ET Intelligence Group: Pricing power and market share gains don’t come easy in any industry — particularly one dominated by unorganised cargo carriers. Container Corporation of India (Concor), the largest rail container operator of the country, may manage to achieve both, and that should be enough to draw investors to the freight hauler on the railroads.

The stock has been in a narrow trading range since January. After the September quarter, Concor said its pricing power is intact, while analysts believe it would be the prime beneficiary of the western dedicated freight corridor. That should interest investors building a long-term portfolio. ICICINSE -1.32 % Prudential Value Discovery Fund and Kotak Standard Multicap Fund already have significant holdings of Concor.

Realisation on the EXIM— a container used for exports and imports and domestic operations rose 6.3 per cent and 3.6 per cent, respectively, in the September quarter. It pushed quarterly overall realization up by 6.1 per cent, while the first-half overall realization rose marginally.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Woke lines playing the uneven field

Liner shipping companies have had a bumper year with profits in 2020 expected to exceed any year in the histroy of container shipping. All...

Box rates still on the way up after regulatory warnings

Both the Pacific and Asia to Europe rates have shown increases this week even after regulatory authorities in China, the US, Europe and South...

More Port of Felixstowe congestion riles freight forwarders

An increase in container volumes in the rush to beat China’s Golden Week holidays and technical issues with the Port of Felixstowe’s vehicle Booking...

German carrier raises Subcontinent rates and Ukrainian demurrage

Hapag-Lloyd has announced price increases for demurrage on exports from Ukrainian ports, which can be seen here, and a general rate increase (GRI) on...

Maritime industry critical of EU’s emissions stance

Industry associations and regulators have criticised the European Union following Wednesday’s (16 September) vote in the European Parliament to include shipping in the EU...