Shares of Container Corporation of India (CONCOR), on Monday, hit a 52-week high of Rs 644.95 after rallying 10 per cent on the BSE in intra-day trade on the back of heavy volumes after the company said its board has accorded in-principle approval for exploring the possibility of borrowings an amount not exceeding Rs 3,500 crore by the company from any bank(s)/ corporate(s) and institution(s) towards executing long term lease agreement(s) for Railway Land(s).
The stock of the state-owned company, engaged in transport related services business, has surpassed its previous 52-week high of Rs 644, touched on March 4, 2021. It had hit a record high of Rs 665 on October 1, 2019.