Jefferies has maintained its Buy rating on Container Corporation of India (CONCOR) and raised its target price to ₹825, implying a 14.3% upside from the current market price of ₹722.00. The Q4 results missed expectations, with EBITDA falling short due to weak volume growth and lower EXIM realisations impacting margins.
However, management remains upbeat and has guided for a 13% YoY volume growth in FY26, led by steady 10% growth in the EXIM segment. Jefferies has trimmed its FY26–27 EBITDA estimates by 1–6% to reflect the Q4 miss but continues to see long-term growth drivers intact.
A key catalyst identified by the brokerage is the Dedicated Freight Corridor (DFC) connectivity to JNPT, which is expected to significantly enhance operational efficiency and support volume expansion.
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