Looking for Safe Bets? PSU Dividend Stock To Buy On Budget 2025 For Steady Returns

One Indian public sector enterprise is the Container Corporation of India Limited (CONCOR). The Ministry of Railways, Government of India, oversees CONCOR, or Container Corporation of India Limited, a "Navratna" company that specialises in comprehensive logistics and container services nationwide. The three main operations of CONCOR-carrier, terminal operator, and warehouse operator-define its core business.

Container Corporation of India Dividend

"The Board has declared 3rd Interim Dividend for FY 2024-25 of 85% i.e. Rs.4.25 per equity share of face value of Rs.5/- each amounting to Rs.258.95 crores. The record date for the purpose of payment of Interim Dividend has been fixed as 06.02.2025. The Interim dividend will be paid/ dispatched to the shareholders on or after 18.02.2025. The payment of dividend will be made within 30 days of its declaration," said the PSU company in a stock exchange filing.

Container Corporation of India Q3 Financials

For the third quarter that concluded in December 2024, Container Corporation of India Ltd. reported a 4.51% rise in consolidated net profit of Rs 340.52 crore. Concor stated in a regulatory filing that the company's consolidated net profit in the year-ago quarter was Rs 325.81 crore. Consolidated revenue from operations for the quarter under review amounted to Rs 2,303.99 crore, compared to Rs 2,302.12 crore for Q3FY24. EBITDA for the firm dropped by 10.1% year over year to Rs 465 crore in Q3FY25 from Rs 517.5 crore in the same period the previous year.

Concor Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "CONCOR is currently trading at Rs 780.10, demonstrating resilience despite recent challenges. After experiencing a significant 40% correction from its all-time high in June, the stock has been consolidating, which may present a potential buying opportunity for value-seeking investors. The stock has formed a strong bullish candle, closing above its 20-day EMA, with an increase in trading volume, suggesting that the bullish sentiment could be sustainable."

"The Relative Strength Index (RSI) is currently at 54.31 and is trending upwards, indicating growing buying momentum and a potential bullish reversal. The Rs 730-Rs 705 price range is expected to act as a solid support zone, while a close above Rs 800 could trigger further upside potential. In the short term, the stock could target Rs 860 if the bullish momentum continues. Overall, with improving technicals and strong support levels, CONCOR may be poised for a recovery, offering potential for upside," the analyst added.

Disclaimer

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