Container Corporation of India Ltd or CONCOR Stock Analysis

The below report has its origin from Economic Times where it has been reported that State-owned Container Corporation (Concor) of India today reported a 5.5 per cent growth in net profit for the year ended March 31, 2011 to Rs 830 crore on higher income. The firm had reported Rs 786.68 crore net profit in the 2009-10 fiscal, it said in a communique to the stock exchange.

Concor's income from operations also rose to 3,826.58 crore during the year from Rs 3,705.67 crore a year ago. During the last quarter of the fiscal, the company had reported Rs 201.37 crore net profit on Rs 995.37 crore income from operations.



Our Verdict
Stock is worth accumulating at lower level as year is going to see marked correction in Nifty and ideal buy for stock will be below 5000 mark of Nifty. That will be the right time to enter in a quality stock at correct valuations.



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