Concor stock rises over 4% after PSU reports upbeat Q2 numbers
Concor Share Price: The PSU reported Q2 results better than Zee Business research estimates, as its profit after tax jumped to Rs 367 crore against analysts estimates of Rs 270 crore. The Q2 margin was also higher by 25 per cent against Street estimates of 21.4 per cent.
Concor Share Price: Container Corporation of India (Concor) shares were flying higher on the BSE on Friday morning after the public sector undertaking reported strong operational performance for the September quarter.
The shares were trading higher by 4.59 per cent, or Rs 31.35, at Rs 713.65, at 9:55 am on Friday.
The stock closed the trading session on Thursday at Rs 682.30 before the company reported its September quarter results.
The stock started its journey on the BSE at Rs 706.95 before rising to the day's high of Rs 718.85.
Concor Q2 performace
The PSU reported Q2 results better than Zee Business research estimates, as its profit after tax (PAT) jumped to Rs 367 crore against analysts' estimates of Rs 270 crore.
The Q2 margin was also higher by 25 per cent against Street estimates of 21.4 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.