Container Corporation of India

Container Corporation of India Shares Declined Almost 4%

Container Corporation of India Shares Declined Almost 4% On 12th August 2020:

To begin with, Container Corporation of India Limited shares traded with a 3.83% gain in today’s Intraday trade. Also, until now, the company exchanged 1,56,851 shares hands on the counter.

Moreover, the company shares started at Rs. 379.30 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 379.30 per eq share. Similarly, the Intraday low value of Rs. 362.20  per share.

According to the source, the company reached its 52-week highest value of Rs. 665.05. Also, it reached the 52-week lowest value of Rs. 263.20. As per the records, the total market capitalization stood at Rs. 22,117.38 Cr.

On 30th June 2020, Container Corporation of India Ltd. announced its consolidated sales worth Rs. 1,194.20 Cr. Comparatively, the company sales declined by 24.62% from its last quarter sales of Rs. 1,584.31 Cr. Also, its sales declined by 27.83% of Rs. 1,654.76 Cr in the previous year.

Furthermore, the net profit of Rs. 60.61 Cr declined by 75.16% from the same quarter a year ago. By the ending in June 2020, the company promoters held 54.80% of its stake, FIIs held a 26.65% stake and DIIs held an 8.78% stake.

Stock Market Update: 

Stock Market August 12th: On Wednesday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 38,369.63 levels and Nifty stood traded loss with 11,308.40 levels. The Sensex declined 37.38 points with a 0.097% loss. Besides, Nifty has declined 14.10 points with a 0.12% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 23,28,405 as of August 12th, and deaths reached 46,188.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 37.70 points with a 0.26% loss and reached a 14,354.67 level. The S&P BSE Smallcap index declined 3.14 points with a 0.023% loss and reached a 13,834.12 level. However, the Nifty Bank declined 14.10 points with a 0.12% loss and reached an 11,308.40 level.

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