NEW DELHI, April 16 -- The Container Corporation of India (Concor) stock has been on fire lately. From its January 2021 low of '396 on the National Stock Exchange (NSE), the stock has rallied by around 50%. This compares with a mere 6% rise in the benchmark index Nifty in the same period.
Hopes of a faster disinvestment process have helped fuel the rally and there is also hope of a resolution to the contentious issue of land licensing fee (LLF) being levied by the ministry of railways, according to analysts.
The Railways' demand now stands at only '600 crore for FY21, much lower than the earlier demand of around '1,300 crore, according to a media report.
Based on this development, research house Macquarie has upgraded the stock to outper...