Container Corporation of India: ICICI Securities Maintains BUY Rating, Sets Target Price at ₹682 on Strong Q2 Performance

Overview

Container Corporation of India (CONCOR) reported a Q2FY26 EBITDA of INR 5.7 billion, exceeding consensus and showing a 33.4% sequential increase. The company saw a 10.5% year-on-year volume growth, improved rail freight margins to 27.8%, and incurred capex within guidance, with a second interim dividend of INR 2.6 per share approved. ICICI Securities maintained its BUY rating with a target price of INR 682, based on an unchanged multiple of 32x FY27E EPS, citing positive outlook.