The Container Corporation of India (Concor) stock opened 0.66 percent higher on the NSE on October 10, a day after the company announced a 26.13 percent year-on-year growth in domestic volumes in the September quarter current financial year.
According to a regulatory filing, the Container Corporation of India reported a 26.13 percent year-on-year growth in domestic volumes at 2.61 TEUs (twenty feet equivalent) for the quarter ended September FY 2024. For the same period, EXIM volumes grew by 3.50 percent to 9.69 TEUs. Total volumes grew 7.59 percent YoY to 12.3 TEUs during the quarter.
In a recent report, Jefferies’ analysts said Concor’s volumes should see a 15 percent CAGR during FY2023-FY2026E.
