Alert For Navratna PSU Stock Watchers! Container Corporation Sets Record Date For 1:4 Bonus Shares; Buy Now?

Founded in March 1988, Container Corporation of India Ltd. (CONCOR) is a Navratna Public Sector Enterprise under the Ministry of Railways, India. It offers services for the rail and road transportation of containerized freight through a network of domestic and EXIM terminals. Air cargo movements, bonded warehousing, reefer and cold chain services, and factory stuffing/destuffing are just a few of the international services that CONCOR provides. Domestic services comprise terminal handling charges, door delivery and pickups, and volume discount programs.

Container Corporation of India Bonus Shares

"In continuation to our letter dated May 28, 2025, informing the Dispatch of Postal Ballot for seeking Shareholders approval for issue of Bonus Shares in the ratio of 1:4 i.e. 1 (One) new fully paid-up Equity Shares of Rs.5/- each for every 4 (four) existing fully paid-up Equity Share of the Company. In this regard, it is hereby informed that the Company has fixed Friday, July 04, 2025, as the Record Date for determining the eligibility of shareholders for issuance of Bonus Shares, which is subject to approval of shareholders. Further, in accordance with SEBI circular dated September 16, 2024, the deemed date of allotment of Bonus Shares will be Monday, July 07, 2025, and these Bonus Shares will be made available for trading on the next working day of allotment i.e. Tuesday, July 08, 2025," said Container Corporation of India in a stock exchange filing on Thursday.

Container Corporation of India Financials

In the January-March quarter of the fiscal year 2025, Container Corporation of India Ltd.'s (CONCOR) net profit dropped 1.6% to Rs 298.5 crore from Rs 303.3 crore during the same period the previous year. Additionally, revenue decreased by 1.6% to Rs 2,287.8 crore from Rs 2,325 crore in Q4 FY24. In Q4FY25, the company's EBITDA was Rs 526.6 crore, dropping 10% from Rs 585.7 crore in Q4FY24. The EBITDA margin dropped to 23% as a result of this suffering, from 25.2% in the same quarter the previous year.

Container Corporation of India Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "CONCOR is currently trading around ₹738 and has seen a healthy retracement from its recent swing high after staging a strong bounce from lower levels. The stock is presently hovering near its crucial support zones, where buying interest could potentially emerge. However, so far, the price action remains subdued, reflecting a lack of clear directional bias."

"In the near term, if the stock shows any signs of reversal from the current levels, it could offer a short-term trading opportunity with an expected bounce toward its recent swing highs. A decisive and sustained breakout above the ₹820 mark will be key to confirming fresh bullish momentum and could be considered a strong buying signal, indicating a potential structural turnaround" the analyst added.

"The Relative Strength Index (RSI) is currently placed around 44.70, showing early signs of a possible reversal. However, traders should wait for a proper confirmation in price action before taking aggressive positions, as momentum remains neutral. Technically, CONCOR is hovering around its medium-term EMA and continues to trade below both its short-term and long-term moving averages, suggesting a lack of immediate strength and a cautious undertone in the trend," Hardik Matalia commented.

"For long-term investors, the current correction offers an opportunity for partial accumulation at attractive levels. A staggered buying strategy is recommended-starting at current prices and adding further on dips-while maintaining a long-term perspective. This approach helps manage downside risk while positioning for potential upside once the broader trend stabilizes," the analyst stated.

"On the downside, a breach below the ₹690 support level could trigger extended selling pressure, reinforcing the bearish tone and delaying any meaningful recovery. Overall, the outlook remains neutral-to-cautious in the short term, and the price action near the key support and resistance levels will play a critical role in defining the next directional move," Hardik Matalia further recommended.

Another analyst, Riyank Arora technical analyst at Mehta equities Ltd said, "CONCOR is currently in a mild uptrend, supported by higher lows on the chart. The stock has immediate resistance around ₹755-₹760. A breakout above this zone could trigger a move toward ₹780-₹800. On the downside, strong support is seen near ₹715. The trend remains positive as long as it holds above this level. Traders may consider accumulating on dips with a stop-loss below ₹710 and look for a breakout above ₹760 for fresh upside momentum."

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.