Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Container Corporation of India (CCI) : Medium term Buy

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Buy : Container Corporation of India (CCIL)
CMP : RS 775
Target : Rs 900
Time Frame : 2 Months
Support : 725
 
Fund Activity  : HDFC Top 200 Fund (G) added 290,451 of CCIL shares to its Fund as on 29th ,June 2008
 
 
About CCIL
 
Container Corporation is an undisputed market leader having the largest network of 57 ICDs/CFSs 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 cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India’s International and Domestic containerization and trade. Though rail is the main stay of our transportation plan, road services and also provided to cater to the need of door-to-door services, whether in the International or Domestic business.
 
Container Corporation announces Q1 results
 
Container Corporation of India Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 2018.336 million for the quarter ended June 30, 2008 as compared to Rs 1870.923 million for the quarter ended June 30, 2007. Total Income has increased from Rs 8134.720 million for the quarter ended June 30, 2007 to Rs 8681.145 million for the quarter ended June 30, 2008.

Trigger Point :
 
Currently the stock is oversold and looks jittery consolidation. And any confirmed close above 800 will lead to uptrending to the next target of 900 in short term.Looks Great buy at this level
 
Recent Brokers Target
 
Karvy Stock Broking has maintained its outperformer rating on Container Corporation of India with a target price of Rs 956 in its July 18, 2008 research report. "Container Corporation of India (Concor) reported revenue growth of 6% YoY (QoQ decline of 8.9%) to Rs 8.22 billion. The revenue from EXIM business (contributed 80.76% to total revenue) increased marginally by 8.9% to Rs 6.64 billion, while domestic business declined by 4.3% to Rs 1.58 billion. The revenue was lower by 14.3% than our expectations of Rs 9.6 billion."
 
Regards,
Rajandran R
 
 
 
 
 
 
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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