Latest news with #CONCOR
Time of India
19 hours ago
- Business
- Time of India
CONCOR shares in focus as Navratna PSU sets July 4 record date for 1:4 bonus issue
Shares of Container Corporation of India ( CONCOR ) will be in focus on Friday after the Navratna PSU announced a 1:4 bonus share issue and fixed July 4, 2025, as the record date to determine eligible shareholders. The bonus shares will be issued in the ratio of one fully paid-up equity share for every four shares held, subject to shareholder approval . As per SEBI guidelines , the deemed allotment date for the bonus shares is July 7, 2025, with trading expected to commence on July 8, 2025. CONCOR operates a pan-India logistics network , offering container transportation services via rail and road, along with port handling. It plays a vital role in India's supply chain infrastructure and is listed on both the BSE and NSE. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% CONCOR share price target According to Trendlyne, the average target price for CONCOR is Rs 764, indicating a potential upside of around 5% from current levels. Of the 16 analysts tracking the stock, the consensus rating is 'Hold'. On the technical front, CONCOR's Relative Strength Index (RSI) stands at 40.3, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is at 16.6—above the centre line but below the signal line. The stock is currently trading below its 5-day, 10-day, 20-day, 150-day, and 200-day simple moving averages (SMAs), while remaining above the 50-day and 100-day SMAs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? CONCOR shares performance CONCOR shares closed 2.32% lower at Rs 727.90 on the BSE on Thursday. The stock has declined 7% year-to-date and is down 34% over the past 12 months. Its current market capitalisation stands at Rs 44,350 crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
CBI Registers FIR On Lokpal's Orders Over Rs1.62 cr Illegal Excavation On CONCOR Land
Nagpur: The Central Bureau of Investigation (CBI) has registered a case against a former deputy general manager (civil) of Container Corporation of India Limited (CONCOR), and M/s Aditya Enterprises, along with other unidentified persons, including public servants and private individuals, in connection with unauthorised excavation and alleged criminal misconduct at the Container Corporation of India's premises at Mihan, Nagpur, leading to a loss of Rs1.62 crore. CONCOR is a public sector undertaking tasked with transportation and handling of containers. The case stems from a complaint forwarded by the Lokpal of India, who, through an order dated May 22, 2025, directed the CBI to initiate an investigation into the matter. The Lokpal also ordered that the identities of the complainant and the respondent public servant be kept confidential under Rule 4 and other applicable provisions of the Lokpal Complaint Rules, 2020. According to the FIR dated June 12, M/s Aditya Enterprises illegally carried out excavation work on CONCOR land with alleged support from the then DGM, causing a financial loss of Rs1.62 crore to the public sector enterprise. The act was categorised under criminal conspiracy and criminal misconduct by a public servant, punishable under Section 120B of the Indian Penal Code and Sections 7, 13(1)(a), and 13(2) of the Prevention of Corruption Act, 1988 (as amended in 2018). The FIR states that the DGM, being in charge of the site, facilitated the excavation and misappropriation by M/s Aditya Enterprises. This unauthorised activity allegedly bypassed standard procedures and regulatory permissions, resulting in significant financial damage to CONCOR Ltd. Confirming the development, Bhartendar Sharma, superintendent of police, CBI, AC-III, New Delhi, told TOI, "The investigation regarding the case is in primary stages, so nothing can be confirmed for now; however, we will investigate every lead and link with this." The investigation is being led by inspector Parvender Kumar of CBI AC-III, New Delhi. As the probe moves forward, it is possible that it might uncover deeper insights into possible collusion and broader involvement, if any, in this suspected act of corruption rooted in the heart of Nagpur's logistics sector.
Hans India
6 days ago
- Business
- Hans India
Illegal excavation: CBI files FIR against ex-CONCOR official, firm over Rs 1.62 crore scam in Nagpur
New Delhi: The CBI has registered an FIR to investigate a Rs 1.62 crore scam involving illegal excavation at a Nagpur-based premises of Container Corporation of India (CONCOR), allegedly involving the PSU's former senior official and a private firm. The FIR, registered under Section 7 of the Prevention of Corruption Act and penal provisions related to criminal conspiracy and criminal misconduct by a public servant, was filed on the direction of the Lokpal of India. The federal agency booked CONCOR's then Deputy General Manager (Civil) -- while keeping his identity confidential -- and Nagpur-based company Aditya Enterprises, along with unknown public servants and private persons. The CBI said in its FIR, 'Being in-charge of the site, the DGM (Civil) allowed Aditya Enterprises to do misappropriation by unauthorised/illegal excavation to the tune of Rs 1,62,76,123.50, thereby causing wrongful loss to CONCOR Ltd.' The illegal excavation came to light after a complaint was formally lodged with the Lokpal. After receiving the complaint, the anti-corruption watchdog directed the CBI to keep the identity of the complainant confidential. The CONCOR premises episode had also turned focus on the rampant illegal murrum–reddish soil excavation on government lands in Nagpur. Murrum is commonly used in construction, particularly for plinth filling, footing pit backfill. Such soil is found in humid tropical or equatorial regions. The CBI said in its FIR that Aditya Enterprises has its office in Sanmarg Nagar, Hudkeshwar, Nagpur. Sources said officials of the firm are to be questioned over the illegal excavation scam. While approving the registration of an FIR, a senior CBI official directed his team to take up the investigation into the allegedly illegal excavation while keeping in mind the Lokpal's directions to keep the identity of both the complainant and the CONCOR DGM confidential. Referring to the May 22 order of the Lokpal, the CBI officer said, 'In the said order. Lokpal of India has also directed to keep the identity of the complainant and RPS provisions (respondent public servant) confidential as per provisions of Rule 4 and other enabling provisions of the Lokpal Complaint Rules, 2020.'
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Business Standard
05-06-2025
- Business
- Business Standard
Motilal Oswal recommends these three stocks to buy today; Check out target
Stocks to buy: Buy SRF, CMP: ₹3,050, Stop-loss: ₹2,940, Target: ₹3,250 The stock has consolidated in a broad range in last couple of months which seems to be a time wise correction within an uptrend. In last couple of sessions, the stock has seen a positive momentum and is now on the verge of breakout from this consolidation. We expect the stock to resume the uptrend in the near term and hence, traders should look for buying opportunity. Buy CONCOR, CMP: ₹806, Stop-loss: ₹780, Target: ₹850 The stock has recently seen an upmove supported by rising volumes. The prices have surpassed its 200 DEMA hurdle and the RSI oscillator is hinting at a positive momentum. Hence, we expect the prices to rally higher in the short term. Catch Stock Market Updates Today LIVE Buy BEL, CMP: ₹390, Stop-loss: ₹379, Target: ₹410 The stock has recently rallied higher along with the other defence stocks with high volumes. Prices have formed a' Bullish Flag' pattern on the daily chart hinting at a continuation of the uptrend. The overall trend remains positive and hence, short term traders can look for buying at current levels and add on any minor dips.
Time of India
03-06-2025
- Business
- Time of India
Mysore MP promises swift resolution of logistics park issues
Mysuru: Mysore MP Yaduveer Wadiyar on Tuesday said he will take swift action to address the operational challenges faced by the Multi Modal Logistics Park, an inland container depot in Kadakola, which was developed by Container Corporation of India (CONCOR). The depot, inaugurated virtually by Prime Minister Narendra Modi in March 2024, was built at an estimated cost of Rs 100 crore but remained underutilised due to the absence of a customs clearance facility. Suresh Jain, general secretary of the micro, small and medium enterprises council, Mysuru, highlighted the issue, stating, "Without a customs clearance facility, industries are forced to rely on ports in Chennai, Mangaluru, or Kochi, rendering the depot idle." Responding to the concerns, Yaduveer told reporters that he was unaware of this issue. "I will work to resolve it at the earliest," he said. Meanwhile, Yaduveer announced plans to commemorate Mysuru Maharaja Nalwadi Krishnaraja Wadiyar's birth anniversary on Wednesday, uniquely by making the Mysuru Palace plastic-free. "We will install a water vending machine on the palace premises. This will end the problem of water bottle menace," he said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 금액 상관없이 빚이라면 딱 6%만 갚으세요 법무법인 더 알아보기 Additionally, he revealed that over 3,500 civic workers will receive 20 kg of food items at an event at the Maharaja's College Ground. "It is our duty to support the civic workers who serve the society. Our aim is to provide ration for a month," he said. Addressing the issue of Kamal Haasan's controversial statement, which was perceived as anti-Kannada, Yaduveer stated that only the public can teach a lesson by boycotting the actor's films until he apologises. "Languages naturally influence one another, but claiming one language gave birth to another is unacceptable," he remarked. The MP also called on the Mysuru City Corporation (MCC) and police to devise a strategy to prevent miscreants from defacing statues in the city, emphasising the need to protect public monuments.
