President of India-Backed Railway Transport Company Likely to Announce Bonus Shares
The stock is up by 26 per cent from its 52-week low of Rs 601.65 per share.
Container Corporation of India Ltd. (CONCOR)informed that the Board of Directors of the company in its meeting scheduled for Thursday, May 22, 2025 will also inter-alia consider the proposal for issue of bonus shares, if any, to the shareholders, which will be subject to requisite approvals.
Container Corporation of India Ltd. (CONCOR) was incorporated in March 1988 under the Companies Act and commenced operation from November 1989, taking over the existing network of 7 inland container depots from the Indian Railways. CONCOR is a market leader, having a widespread network of more than 60 terminals in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing a cold chain. The company has developed multimodal logistics support for India's international and domestic containerization and trade.
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The company’s 54.80 per cent stake is owned by the President of India and Life Insurance Corporation of India (LIC) owns a 9.92 per cent stake in the company as of March 2025. The company has a market cap of over Rs 44,000 crore and has been maintaining a healthy dividend payout of 55 per cent. The stock is up by 26 per cent from its 52-week low of Rs 601.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.