CONCOR Share Price dips after Announcing Q1 Results

CONCOR share price fell 4.02 per cent on BSE, amidst initial volatility after net profit fell 13.9 per cent to Rs 178.48 cr on 5.7 per cent decline in net sales to Rs 1339.22 cr in Q1 June 2016 as compared to Q1 June 2015. The results were announced after market hours on 9th August 2016.

Meanwhile, CONCOR share price closed 3.15 per cent lower at Rs.1418.90 on NSE today. It opened at Rs.1452 from a previous closing of Rs.1467.35.

On NSE, 1,22,580 shares were traded in the counter as compared to the average daily volume of 18,648 shares in the past one quarter. The stock’s intraday high stood at Rs.1460 while its intraday low read at Rs.1405.10. The stock had hit a 52-week low of Rs.1,051 on 12th February 2016. The scrip had hit a 52-week high of Rs.1,689.95 on 11th August 2015.

The CONCOR share had underperformed the market over the past one month till 9th August 2016, sliding 0.32 per cent as compared with 3.53 per cent rise in the Sensex. However, the stock had outperformed the market in the past one quarter, gaining 10 per cent as compared to Sensex’s 9.33 per cent hike.The company has an equity capital of Rs.194.97 cr with a face value per share amounting to Rs.10.

CONCOR ranks among the top 500 Shares recognized by Dynamic research analysts and market experts at the end of each quarter out of the 1700 Shares that are registered on NSE. CONCOR has strong fundamentals and financials. By strong Fundamentals the Dynamic Levels researchers mean that the stock hasn’t made any loss in the last 2 quarters. Its debt equity is less than 2 and its pledge is less than 25 per cent.

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