The stock of Container Corporation of India (Concor) was the top gainer in ing 6.3 per cent in trade. The country's largest container train operator has gained over 9 per cent since the start of the week.
The stock was under pressure on Friday on weak operational performance in the January-March quarter (Q4) and a substantial capital expenditure (capex) programme announced by the company.
Concor is planning to spend ₹8,000 crore to ₹10,000 crore over the next three-four years to augment its infrastructure, rolling stock, containers, and equipment. This investment shall be higher than the previous cycle; the company had invested about ₹3,800 crores over the past four years.
This story is from the May 26, 2022 edition of Business Standard.
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This story is from the May 26, 2022 edition of Business Standard.
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