57% return in 1 year: This Navratna PSU can offer good returns - Do you own?

CONCOR Share Price Target: In view of the strong Q4 results, brokerage firm Motilal Oswal has maintained a buy call on  Container Corporation of India Ltd (CONCOR). The brokerage says that EXIM volume growth is strong and margins remain stable. This logistics solution provider company will benefit greatly from the commissioning of the Dedicated Freight Corridor (DFC).

CONCOR Share Price Target 

Motilal Oswal has given a 'buy' call on CONCOR. The brokerage has set a target of Rs 1,260 per share. On May 30, 2024, the share closed at Rs 1066. Considering this, the stock still has the potential of giving a positive return of around 18 per cent.

The stock of CONCOR, which has a market cap of Rs 64,563, has given a return of over 57 per cent to investors in the last 1 year. The stock has risen around 62 per cent in two years. So far in 2024, the stock has shown a rise of more than 23 per cent.

The shares of CONCOR have a 52-week high of Rs 1,123.95 and a 52-week low of Rs 629.45.

CONCOR Q4 Results

Meanwhile posted a 9.88 per cent increase in consolidated net profit to Rs 301.25 crore for the March 2024 quarter.

The company had reported a consolidated net profit of Rs 274.14 crore a year ago, Concor said in a regulatory filing.
During the quarter under review, consolidated revenue from operations was Rs 2,417.87 crore against Rs 2,281.75 in the year-ago period.

Concor said its Board has declared a final dividend of Rs 2.50 (50 per cent) per equity share of face value of Rs 5 each for the year 2023-24, subject to approval of the shareholders in the ensuing annual general meeting.

(Disclaimer: The views/suggestions/advises expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)