Jefferies maintains buy on CONCOR, sees 14.3% upside, expects 13% volume growth in FY26
By News Desk Published on May 26, 2025, 08:21 IST
Jefferies has maintained its Buy rating on Container Corporation of India (CONCOR) and raised its target price to ₹825, implying a 14.3% upside from the current market price of ₹722.00. The Q4 results missed expectations, with EBITDA falling short due to weak volume growth and lower EXIM realisations impacting margins.
However, management remains upbeat and has guided for a 13% YoY volume growth in FY26, led by steady 10% growth in the EXIM segment. Jefferies has trimmed its FY26–27 EBITDA estimates by 1–6% to reflect the Q4 miss but continues to see long-term growth drivers intact.
A key catalyst identified by the brokerage is the Dedicated Freight Corridor (DFC) connectivity to JNPT, which is expected to significantly enhance operational efficiency and support volume expansion.
Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions.
News desk at BusinessUpturn.com
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