CONTAINER CORPORATION Plunges by 7%; BSE 500 Index Down 7.0%
March 19, 2020 09:36 AM

CONTAINER CORPORATION share price has plunged 7% and is presently trading at Rs 294.

Meanwhile, the BSE 500 Index is at 10,739 (down 7.0%).

Among the top losers in the BSE 500 Index today are CONTAINER CORPORATION (down 7.2%) and HONEYWELL AUTOMATION (down 8.9%).

D. B. CORP (up 5.6%) and MPHASIS (up 0.8%) are among the top gainers today.

Over the last one year, CONTAINER CORPORATION has moved down from Rs 512 to Rs 294, registering a loss of Rs 217 (down 42.5%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 227.7%), ABBOTT INDIA (up 79.1%) and J.B.CHEMICALS (up 50.9%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.8%).

In the meantime, NSE Nifty is at 8,099 (down 6.2%). POWER GRID (up 2.1%) and NTPC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 29.41%).

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 194.4x.