Container Corporation: (CONCOR)
Disclosure: Holding.
Belongs to Logistics sector (Railways):
Fundamentally, poised for 15% growth, 2% dividend yield, no debt, RoE of 15%, large sector.
Logistics sector growth is directly linked to GDP growth, more than any other sector.
Government is the majority owner (it can be either boon or bane) however, IF the privatisation goes through, there’s is a scope for valuation re-rating depending on the new owner. There are speculative articles going around, let me not go into it.
Implementation of dedicated freight corridor & governments policy tailwind towards logistics sector is a positive.
Technical chart: (the chart is a bit busy):
Key points:
- Respected 50 EMA except during COVID pullback.
- Currently at the top end of channel (my observation is, if price breaks out of channel, then it is generally due to valuation re-rating or change in growth acceleration (from say, 10% secular to 15% secular).
- Consolidated for 6 years & broke out with volumes in 2021 and since has been consolidating – very positive price action.
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