1:4 Bonus Share; Record Date - July 04, 2025: Do You Own This President of India-Backed Railway Transport Stock?
The stock is up over 20 per cent from its 52-week low of Rs 601.65 per share.
The Board of Directors for Container Corporation of India Ltd (CONCOR) has approved the issuance of bonus equity shares at a 1:4 ratio. This means that shareholders will receive one new fully paid-up equity share of ₹5 for every four existing fully paid-up equity shares they hold. Subject to shareholder approval via postal ballot, Friday, July 4, 2025, has been set as the Record Date to determine shareholder eligibility. Following this, the bonus shares will be deemed allotted on Monday, July 7, 2025, and will be available for trading on Tuesday, July 8, 2025, under SEBI guidelines.
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.
DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.
According to Quarterly Results, the company reported a revenue of Rs 2,288 crore and net profit of Rs 299 crore in Q4FY25. In its annual results, the company reported net sales of Rs 8,887 crore and net profit of Rs 1,292 crore. 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 over 20 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.