Shares of Container Corporation of India rose nearly 2 percent

CONCOR

Shares of Container Corporation of India rose nearly 2 percent after the company reported strong volume growth for the quarter ended December. CONCOR’s domestic volumes jumped nearly 26 percent on-year while export-import volumes climbed 3 percent. Overall volumes grew 6.8 percent in the reported quarter.

CONCOR had raised its volume growth guidance for 2022-23 to 15 percent from 12 percent earlier as the company has benefitted from the sharp rebound in the economy post second wave of the pandemic. In April-December, the company’s volume growth was at 16.2 percent, suggesting that the company would be able to comfortably meet its guidance.

News Source:- MoneyControl

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