Container Corporation of India , a major player in the logistics industry, has experienced a significant decline of over 20% from its recent highs but appears to be finding support at crucial technical levels. The stock is currently trading around six-year long-term support levels, presenting what technical analysts view as a potential bottoming-out scenario.

Recent Price Performance

The stock's recent performance shows the volatility characteristic of the current market environment. Key price levels demonstrate the stock's journey from peak to current support:

The stock hit its high of ₹652.00 on June 5, 2025, but failed to maintain the upward momentum. It subsequently declined and closed at ₹520.00 on December 26, representing a substantial correction from the peak levels.

Technical Analysis and Support Levels

Technical experts highlight that Container Corporation of India is currently trading around significant six-year long-term support levels. This extended timeframe of support suggests that the current price levels have historically provided a strong foundation for the stock, making it a critical juncture for potential investors.

The six-year support level represents a substantial technical foundation that has been tested multiple times over an extended period, indicating its significance in the stock's price structure.

Expert Recommendations

Market experts suggest that short-term traders with high-risk profiles could consider buying the stock at current levels. The rationale behind this recommendation includes:

• Strong six-year technical support at current levels
• Potential for a bounce back towards ₹575.00
• Expected timeframe of a few weeks for the potential recovery

The target price of ₹575.00 represents a potential upside from current levels, though experts emphasize this opportunity is specifically suited for traders with high-risk tolerance given the inherent volatility in the current market environment.

Industry Context

As part of the logistics industry, Container Corporation of India operates in a sector that is sensitive to economic cycles and trade patterns. The recent price decline reflects broader market conditions and sector-specific challenges that have impacted the stock's performance despite its strong technical support levels.

Container Corporation of India Limited (CONCOR) has received a significant GST demand order from the Ahmedabad tax authorities, totaling ₹2.54 crores for the financial year 2021-22. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

GST Demand Details

The Assistant Commissioner of State Tax, Unit-7, Ahmedabad issued the demand order, alleging excess availment of Input Tax Credit by the company. The total demand comprises multiple components as detailed below:

Company's Response and Position

CONCOR has strongly disputed the allegations made by the tax authority. Based on the company's internal assessment, management believes that no excess Input Tax Credit was availed or utilized during the period in question. The company has categorically stated that there is no material impact on its financial, operational, or other activities due to this demand order.

Legal Action and Next Steps

The logistics major has indicated that it plans to take appropriate action to contest the demand, including filing an appeal in the matter. This suggests that CONCOR is confident in its position and intends to challenge the tax authority's findings through the established legal framework.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a listed Navratna CPSE under the Government of India, CONCOR maintains transparency with its stakeholders through timely regulatory disclosures of material developments.

The company received the order and promptly informed the stock exchanges, demonstrating adherence to corporate governance standards.