Stock Pick: Container Corporation
With expansion in areas of operations, CONCOR has emerged as a good bet for returns
By OLM Desk
Container Corporation or Concor falls under the Indian Railways and is the undisputed market leader with the largest network of 62 ICDs/CFSs in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chains.
Why: Company expects four logistics park to be operational in FY17 and the management plans for the capex of Rs. 10-11 billion in FY17 and FY18 estimated.
What: Losses due to limited export volumes and dependency on the government to drive policy changes.