Navratna Stock Declares 3rd Interim Dividend, Fixed Record Date, Should You 
Buy, Hold, Or Sell?

Navratna Stock Declares 3rd Interim Dividend, Fixed Record Date, Should You Buy, Hold, Or Sell? { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Container Corporation of India is a Navratna PSU stock on January 23, 2023, totalling R highlight: CONs is 243.72 crore along with the announcement of its Q 3 FY 23 results. COR a market capitalisation of Rs 40,167.73 crore.

The stock of Container Corporation of India is Rs 828.75/ share, respectively. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock has fallen over 6 % in the past 1 week, over 7 % in the past 1 month and over 13% in the past 3 months, respectively.

In the past 3 years, it gained over 17 %. In the past 5 years, it gained over 14%.

Container Corporation of India Dividend

The Board has declared 3rd Interim Dividend for FY 2022 - 23 of 80% i.e. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Rs.4.00 per equity share of face value of Rs.5/- each amounting to Rs.243.72 crores.

The record date for the purpose of payment of Interim Dividend has been fixed as 06.02.2023.

The Interim dividend will be paid/ dispatched to the shareholders on or after 13.02.2023.

Buy, Sell Or Hold? ICICI Securities' Comments on the stock

Container Corporation of India's attempt to recoup market share might impact margins further. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Taking cognisance of lower margins and elevated cost structure, we prune our FY 2 3 E/ FY 2 4 E EPS by 4%/ 7 % respectively.

Our revised target price works out to Rs575 ( earlier: Rs 625) on an unchanged multiple of 26 x FY 24 E EPS.

Maintain SELL," the brokerage has said.

The stock has been picked from the brokerage report of ICICI Securities. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more