Concor share price: Concor shares fall as Nifty falls

Shares of Container Corporation of India Ltd. slipped 1.57% to Rs 596.25 in Thursday trading at 12:02 p.m. (IST). It reached a maximum of Rs 605.4 and a minimum of Rs 585.3 during the session.

The stock quoted a 52-week high of Rs 754.1 and a low of Rs 555.1. Return on equity for the stock was 4.95%. Around 31,778 shares have changed hands on the counter so far.

The stock’s beta, which measures its volatility relative to the broader market, was 0.88.

The certificate has been an underperformer, down 0.26% in the past year compared to a 9.07% gain in Sensex.

Techniques

On the technical charts, the stock’s 200-day moving average (DMA) stood at Rs 555.1 on May 12, while the 50-DMA stood at Rs 636.67. If a stock is trading well above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading well below 50-DMA and 200-DMA at the same time, it is considered to be in a downtrend and if it is trading between these averages, it suggests that the stock can go both ways.

Promoter/Fii Holding

The promoters held 54.8% of the capital of Container Corporation of India Ltd. as of March 31, 2022. Mutual funds and foreign institutional investors held 12.8% and 23.54% of the capital respectively.

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