CONCOR

Feb 18 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• AWARDS ORDER WORTH 6.9 BILLION RUPEES FOR 30 SPINE CAR RAKES

Source text: ID:nBSE2PNqvv

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Feb 5 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• GETS TAX ORDER OF 131.8 MILLION RUPEES, PENALTY OF 131.8 MILLION RUPEES

Source text: ID:nBSE2SSKpP

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Jan 30 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• DIVIDEND OF 4.25 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 3.67 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 22.08 BILLION RUPEES

Source text: ID:nBSE3FHvHF

Further company coverage: CCRI.NS

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** Shares of Container Corporation of India (CONCOR) CCRI.NS climb 4.5% to 760.75 rupees

** Stock set for its biggest one-day pct gain since June 2024

** State-run logistics firm's total volumes handled rise 11.64% Y/Y in Q3

** Avg rating of 19 analysts at "hold"; median PT is 952.50 rupees - LSEG data

** Stock fell 8.3% in 2024 after gaining for three straight years, during which it more than doubled in value

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Container Corp of India CCRI.NS fall 3.2% to 828 rupees, set for biggest one-day drop since early Oct

** Goldman Sachs keeps "sell", cuts PT to 710 rupees from 810 rupees

** GS expects earnings downgrade cycle for the logistics firm to continue due to weak growth for rail container traffic

** Says despite the recent correction, CCRI shares likely see more downside

** GS's PT implies 17% downside in next 12 months and is second-lowest among 20 analysts covering CCRI -LSEG data

** CCRI down 23% since end May, logging losses in every month

** Stock has lost 3.8% YTD vs 28% rise in Nifty midcap 100 .NIFMDCP100 and 31% jump in Nifty PSE index .NIFTYPSE

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Container Corporation of India (CONCOR) CCRI.NS gain 3% to 833.45 rupees

** State-run logistics firm reported 9% Y/Y rise in Q2 profit on higher cargo volumes

** Stock eyes busiest trading session in more than four weeks; about 2 mln shares traded

** Analysts' avg rating on stock is "hold", peers VRL Logistics VRLL.NS, Aegis Logistics AEGS.NS are rated "buy" - LSEG data

** Median PT on CCRI is 1,010 rupees, 25% premium on last close

** CCRI down 3% YTD, VRLL down ~28% while AEGS up ~125%

(Reporting by Manvi Pant in Bengaluru)

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Oct 29 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 3.65 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 22.88 BILLION RUPEES

• DIVIDEND OF 3.25 RUPEES PER SHARE

Source text: ID:nBSEbWglfZ

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Oct 11 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• NAMES HARISH CHANDRA AS CFO

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Aug 8 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• DIVIDEND 2 RUPEES PER SHARE

• Q1 CONSOL NET PROFIT 2.58 BILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 21.03 BILLION RUPEES

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** Shares of Container Corp of India (CONCOR) CCRI.NS down 3.3% after falling as much as 4.7% earlier in the day

** State-owned logistics co extends losses for the fourth straight session; slide after report India govt shelved stake sale in co

** "Every year of deferral and loss of the company's market share would make it less attractive for peers," says brokerage Kotak

** Adds CCRI's market share in rail fell to 58% in FY24 vs 72% in FY19

** Expectations of "a sharp U-turn" on market share appears unwarranted as CCRI continues to charge a premium vs peer Gateway Rail Freight Pvt Ltd - note

** Brokerage retains its "sell" rating, PT 740 rupees

** CCRI, on an average, rated "hold" with median PT of 1,056 rupees - LSEG data

** YTD stock has gained ~23%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of state-owned Container Corp of India (CONCOR) CCRI.NS down 2.9% after sliding as much as 3.1%

** Indian government's planned stake sale in CONCOR has been shelved, broadcaster CNBC TV18 reported citing sources

** CCRI did not immediately respond to Reuters' request for comment

** Ministry of Railways held 54.8% stake in the logistics firm as of March-end, exchange data showed

** Average rating of 21 analysts covering the stock is "hold" - LSEG data

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Container Corporation of India CCRI.NS rise as much as 5.7% to day's high of 1,002.55 rupees

** State-owned logistics firm trims some gains to last trade 2.1% higher

** Says it signed an MoU with Shipping Corporation of India SCI.NS; SCI up 1.6%

** Partnership aims to leverage each company's infrastructure and expertise for seamless, cost-effective logistics across all transport modes, CCRI says

** More than 7.9 mln shares change hands by 12:43 p.m. IST, 2.6x its 30-day avg

** Average rating of 22 analysts covering the stock is "hold"; median PT is 1,050 rupees - LSEG data

** Including the session's gain, CCRI is up 12.6% year-to-date, SCI up 34%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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June 4 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CONTAINER CORPORATION OF INDIA LTD - CO AND SHIPPING CORPORATION OF INDIA SIGNED AN MOU

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BENGALURU, May 16 (Reuters) - State-run Container Corporation of India (CONCOR) CCRI.NS posted a higher fourth-quarter profit on Thursday, helped by growing volumes in its mainstay export/import (EXIM) segment.

Consolidated net profit rose nearly 14% to 3.17 billion rupees (roughly $38 million) in the three months ended March, the country's largest container train operator said.

Buoyant commercial activity and robust domestic consumption in India, along with a resurgence of global trade bolstered cargo movement in and out of the country, benefiting freight handling companies, including carriers such as CONCOR.

Total revenue rose 6.4% to 23.25 billion rupees, led by a 9% rise in EXIM revenues. The mainstay segment formed 62% of the quarterly topline, driven by a 9.7% volume growth.

EXIM segment has been recovering after two years of sluggish performance, helping CONCOR regain market share from competitive private operators, analysts have noted.

Analysts said dedicated freight corridor (DFC) connectivity from Gujarat ports to Delhi hinterlands will aid CONCOR's EXIM segment.

Meanwhile, higher rail freight costs led to a 5.3% uptick in total expenses.

Shares of the company ended about 1% higher ahead of results on Thursday.

($1 = 83.4877 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Ravi Prakash Kumar)

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April 18 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CO AND PSA MESA SUPPLY CHAIN PTE. HAS SIGNED A MEMORANDUM OF UNDERSTANDING

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April 15 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• TOTAL PHYSICAL VOLUMES THROUGHPUT UP 11.24% Y/Y IN MARCH-QUARTER

Source text for Eikon: ID:nNSE70l644

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Feb 14 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CONCOR SIGNED MOU WITH CCBL, CONTAINER COMPANY OF BANGLADESH

Source text for Eikon: ID:nNSE1XLTMv

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** Shares of Container Corp CCRI.NS rise 3.9% to 861 rupees

** Logistics company posts 12% rise in its Dec-qtr consol net profit

** Export-import (EXIM) segment to improve as global trade picks up, ICICI Securities says; maintains "add" rating and raises PT to 880 rupees from 765 rupees

** Q4 to see EXIM margin recovery on dedicated freight corridor (DFC) connectivity from Gujarat Ports to Delhi hinterlands - Jefferies

** Avg rating of 22 analysts covering CCRI is "hold"; median PT is 799 rupees - LSEG data

** Stock has gained 20.6% since reporting its Q2 results in November

(Reporting by Kashish Tandon in Bengaluru)

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Jan 24 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CONTAINER CORPORATION OF INDIA DEC-QUARTER CONSOL NET PROFIT 3.31 BILLION RUPEES VERSUS PROFIT 2.94 BILLION RUPEES

• CONTAINER CORPORATION OF INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 22.11 BILLION RUPEES VERSUS 20.04 BILLION RUPEES

• CONTAINER CORPORATION OF INDIA LTD- INTERIM DIVIDEND 4 RUPEES PER SHR

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** Shares of Container Corporation of India CCRI.NS down 2% to 885 rupees on a fall in December-quarter domestic volumes

** State-owned logistics firm says its December-quarter domestic volumes fell 1.3% y/y; total volumes rose 6.1% y/y

** Stock rose 1.1% in early hours of trade before falling as much as 2.4%

** Stock set to snap three straight sessions of gains

** Stock has been trading above its 50-day, 100-day, and 200-day SMAs since Nov 3, after co reported 21% jump in Q2 profit on Nov 2

** Avg rating of the 22 analysts covering the stock is "hold" and median PT is 764 rupees, ~14% lower than current price - LSEG data

** Stock rose 16.4% in 2023, gaining for the third consecutive year

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Container Corporation of India CCRI.NS rise as much as 5.7% to hit a record high at 932.70 rupees

** Stock on track for a sixth consecutive session of gain, if trend holds

** Reason for move was not immediately clear

** Share price above 50-day, 100-day and 200-day simple moving averages since Nov. 3

** State-owned logistics firm reported Q2 profit rise on Nov. 2 after market close, stock has since risen 34.3%

** Trading vol 2.5x the 30-day avg by 2:17 p.m. IST

** Avg rating of 22 analysts close to equivalent of "hold", median PT is 757.50 rupees - LSEG data

** Stock rose 16.4% in 2023, outpacing rivals Aegis Logistics AEGS.NS and Allcargo Logistics ACLL.NS which grew 1.2% and 6%, respectively

(Reporting by Ashish Chandra in Bengaluru)

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Dec 19 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CO AND DB SCHENKER INDIA SIGNED A MEMORANDUM OF UNDERSTANDING

• MOU TO COLLABORATE FOR EXIM AND DOMESTIC BUSINESS

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** Shares of Container Corporation of India CCRI.NS up as much as 2.18% at a record 860.75 rupees

** State-owned logistics firm said it signed MoU with NTPC Vidyut Vyapar Nigam to develop solar projects at CCRI terminals

** CCRI is trading above its 50-, 100-, and 200-day simple moving averages

** Stock's relative strength index is above 70, indicating that the shares have been overbought

** Analysts' average rating is equivalent of "buy," their median PT is 750 rupees - LSEG data

** Stock up over 14% YTD

(Reporting by Manvi Pant)

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Nov 20 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CO AND IGL SIGNS MOU TO PROPEL SUSTAINABLE TRANSPORTATION USING LNG TRUCKS

Source text for Eikon: ID:nBSE6GhNYf

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** Shares of Container Corp of India CCRI.NS rise as much as 4% to 742 rupees

** Stock on track for a third consecutive session of gains, if trends hold

** Analysts at Equirus Securities in a note say entire western-dedicated freight corridor becoming operational in the next 12-15 months should help CCRI in the long term.

** While domestic profitability has improved due to focus on reducing empty running cost, expect adverse impact of export-import imbalance to be partially offset by progressively higher double stacking - ICICI Securities

** CCRI on Thursday reported 21% rise in Q2 consolidated net profit

** Trading volume is over 2.5 mln shares as of 3:27 p.m. IST, 2.3x the 30-day avg - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Container Corp of India CCRI.NS rise as much as 5.4% to 719.5 rupees

** CCRI on Thursday reported a 21% rise in Q2 consolidated net profit to 3.67 billion rupees ($44.09 million)

** Analysts covering the stock have an average "hold" rating; median PT is 700 rupees - LSEG data

** Stock of the logistics, transportation services provider last up 4.1%; down 3.8% YTD so far

($1 = 83.2450 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Nov 2 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CONTAINER CORPORATION OF INDIA SEPT-QUARTER CONSOL NET PROFIT 3.67 BILLION RUPEES VERSUS PROFIT 3.03 BILLION RUPEES

• CONTAINER CORPORATION OF INDIA SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 21.95 BILLION RUPEES VERSUS 19.86 BILLION RUPEES

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** Shares of Container Corp of India CCRI.NS rise as much as 3.42% to 723 rupees apiece

** Jefferies upgrades the stock to "Buy", raises price target to 825 rupees from 775 rupees

** Expects CCRI to start regaining market share due to its presence in the dedicated freight corridor (DFC)

** Believes CCRI's volumes will grow at 15% on CAGR basis between FY23 and FY26 with DFC

** Adds, normalised rail operations, road to rail shift and market share/margin recovery should lead to stock upside

** Half of 24 analysts rate stock "buy" or higher, six "hold" and six "sell" or lower; their median PT is 700 rupees

** Stock down 2.45% in 2023 so far, compared with ~29% rise in Nifty Midcap 100 index .NIFMDCP100

(Reporting by Archishma Iyer in Bengaluru)

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** Shares of Container Corporation of India CCRI.NS fall as much as 4%, their biggest pct loss since June 20

** State-owned co on Thursday reported 17.2% fall in Q1 net profit; rev from ops fell 3.6%

** More than 925,000 shares change hands by 10:45 a.m. IST, ~1.0x 30-day avg

** If trends stand, CCRI on track for third consecutive session of falls

** Avg rating of 26 analysts close to equivalent of 'buy;' median PT is 700 rupees - Refinitiv data

** Stock down 5.7% YTD up to last close

(Reporting by Ashna Teresa Britto in Bengaluru)

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Aug 10 (Reuters) - Container Corporation of India Ltd CCRI.NS:

• CONTAINER CORPORATION OF INDIA JUNE-QUARTER CONSOL NET PROFIT 2.46 BILLION RUPEES VERSUS PROFIT 2.97 BILLION RUPEES

• CONTAINER CORPORATION OF INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 19.23 BILLION RUPEES VERSUS 19.94 BILLION RUPEES

• CONTAINER CORPORATION OF INDIA LTD - DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: ID:nNSE3KlkvR

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