Buy Container Corporation of India; target of Rs 468: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Container Corporation of India
CCRI reported decent 1Q numbers led by healthy volumes despite impact of Covid-19 pandemic indicating signs of revival in economic activity. However, the company did indicate that competition intensity continues to remain high primarily from private players resulting into lower realization. Further, as a move to focus on profitability, CCRI handed over 17 loss-making terminals to Indian Railways while shifting volumes to it…

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