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.

Source: The Economic Times

Poll

[totalpoll id="46691"]