Date:06/01/2006 URL: http://www.thehindubusinessline.com/2006/01/06/stories/2006010601750200.htm

Back Market bullish on Concor

BL Research Bureau

DESPITE the announcement of the policy to do away with Container Corporation of India's (Concor) monopoly in container traffic movement on the railway network, investors preferred to look the other way.

The stock bucked the trend with market participants appearing bullish on Concor's growth prospects despite the imminent entry of the private sector. Though activity on the counter was subdued, the stock gained about 3 per cent to close at Rs 1,471.80. Since the beginning of August, Concor has outperformed the Sensex, buoyed by positive sentiment in the logistics space. During this period, the stock has recorded a gain of 39 per cent.