Sell Container Corporation, price target Rs 538: Arun Kumar

Arun Kumar of Reliance Securities has a sell call on Container Corporation of India Ltd. with a target price of Rs 538.0 . The current price of Container Corporation of India Ltd. is Rs 559.05 . Arun Kumar recommended to keep a stoploss at Rs 567 .

Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 33949.88 Crore) operating in Logistics sector.

Container Corporation of India Ltd. key Products/Revenue Segments include Freight which contributed Rs 5371.95 Crore to Sales Value (76.89 % of Total Sales), Other Services which contributed Rs 913.86 Crore to Sales Value (13.08 % of Total Sales), Export Incentives which contributed Rs 372.12 Crore to Sales Value (5.32 % of Total Sales) and Other Operating Revenue which contributed Rs 327.73 Crore to Sales Value (4.69 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1755.61 Crore, up 6.09 % from last quarter Sales of Rs 1654.76 Crore and down -4.44 % from last year same quarter Sales of Rs 1837.25 Crore Company has reported net profit after tax of Rs -344.38 Crore in latest quarter.

The company’s top management includes Mr.Anjaneya Prasad Mocherla, Mr.Deepak Shetty, Mr.Lov Verma, Mr.M K Jayasankar, Mr.Manoj Kumar Dubey, Mr.Manoj Kumar Srivastava, Mr.Pradip K Agrawal, Mr.Rahul Mithal, Mr.Sanjay Bajpai, Mr.Sanjay Swarup, Mr.V Kalyana Rama, Mrs.Vanita Seth. Company has Arun K Agarwal & Associates as its auditoRs As on 30-09-2019, the company has a total of 609,294,348 shares outstanding.