LLF policy changes fail to lift Concor estimates but stock is still a ‘buy’

LLF policy changes fail to lift Concor estimates but stock is still a ‘buy’

Shares of Container Corp. of India () did not see a follow-up rally on Thursday, as a cut in land license fee (LLF) on leasing of railways land for Shakti terminals could not lift analyst earnings estimates for the logistics solutions provider. Analysts seek more clarity on the subject while maintaining a ‘buy’ rating on … Read more

Up 14% in 2 days! Clarity on Concor’s privatisation plan may support rally in near term

Up 14% in 2 days! Clarity on Concor’s privatisation plan may support rally in near term

To further improve the visibility on the annual LLF outgo, Concor has entered into a 35-year lease agreement for 24 terminals with the railways. Synopsis Concor currently uses 26 terminals. A dispute had cropped up last year after the railways demanded LLF of Rs 1,300 crore annually, which was around 2.5 times higher than Concor’s … Read more