Container Corporation of India (CONCOR) is all set to announce its second-quarter results today. The stock has surged around 33 percent in the last two months due to the privatisation buzz. Here's what to expect from the company today:
Morgan Stanley expects the revenue to decline by about 1.2 percent, while the EBITDA is likely to decline by more than that.
The net profit is expected to decline by almost 10 percent to around Rs 304 crore.
A 2 percent decline is expected in volumes.
Any commentary with regards to privatisation or the government’s stake sale plans would be the key thing to watch out for.