CONTAINER CORPORATION Plunges by 11%; BSE 500 Index Down 4.3%
March 18, 2020 01:44 PM

CONTAINER CORPORATION share price has plunged 11% and is presently trading at Rs 344.

Meanwhile, the BSE 500 Index is at 11,951 (down 4.3%).

Among the top losers in the BSE 500 Index today are CONTAINER CORPORATION (down 10.8%) and MAH. SCOOTERS (down 10.6%).

ZEE ENTERTAINMENT (up 8.9%) and JM FINANCIAL (up 5.0%) are among the top gainers today.

Over the last one year, CONTAINER CORPORATION has moved down from Rs 512 to Rs 344, registering a loss of Rs 168 (down 32.7%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 237.1%), ABBOTT INDIA (up 93.1%) and NAVIN FLUORINE (up 67.5%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 4.0%). The top gainers among the BSE Sensex stocks today are ITC (up 1.4%) and TCS (up 0.9%). The most traded stocks in the BSE Sensex are ITC and TCS.

In the meantime, NSE Nifty is at 9,128 (down 3.9%). ZEE ENTERTAINMENT (up 9.2%) and YES BANK (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.91%).

CONTAINER CORPORATION Financial Update...

CONTAINER CORPORATION net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 3 billion a year ago. Net Sales declined 7.8% to Rs 15.3 billion during the period as against Rs 16.6 billion in October-December 2018.

For the year ended March 2019, CONTAINER CORPORATION reported 15.5% increase in net profit to Rs 12.2 billion compared to net profit of Rs 10.6 billion during FY18.

Revenue of the company grew 35.4% to Rs 90 billion during FY19.

The current Price to earnings ratio of CONTAINER CORPORATION, based on rolling 12 month earnings, stands at 214.3x.