Concor rally to lose steam over volume concerns, intensifying competition

Topics Concor | Shipping | Coronavirus

A muted volume guidance for FY21, the near-term impact of the deteriorating trade relations with China, and an enhanced licence fee worries going ahead led to a 4 per cent fall in the Container Corporation (Concor) stock over the last couple of trading sessions.  While its March quarter performance was in line with Street estimates, the sharp fall in container volumes in recent months, intensifying competition and lack of valuation comfort could lead to further downside for the stock.  ALSO READ: Street not convinced with ITC post decent Q4, cigarette biz faces .....

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