News Overview

Recommendation: Add; Target Price: Rs 2600

A boost in stock-specific buying was further propelled by robust corporate results.

The company's Chairman and Managing Director, Sanjay Swarup, highlighted that CONCOR achieved its highest-ever results in the company's history during Q2FY24

The significant increase in net profit was due to a one-time gain of Rs 1,371 crore attributed to a tax credit

Recommendation: Buy; Target Price: Rs 500

The public offer comprises a fresh issue of 6.51 crore shares valued at Rs 390.7 crore and an offer-for-sale of 1.2 crore shares

As per the tentative IPO schedule, the company is set to declare its share allotment on November 7.

The company's ports in India collectively demonstrated a volume growth of approximately 15% on a year-on-year basis

This deal is consistent with the company's resolve to concentrate on its primary operations and resources.

The company has disbursed almost Rs 30,700 crore so far this year, representing a 16% increase in comparison to the same period last year.