Market share gains across major ports in FY25 further reinforce Container Corporation of India’s dominance: JNPT improved to 58.4%, Mundra to 37.7%, and Pipavav to 48.4%. Despite rising competition, Concor maintained pan-India leadership with a ~56% market share.NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.Motilal Oswal ReportIn FY25, Container Corporation of India Ltd. reinforced its logistics capabilities by expanding its double-stack rail operations, leveraging the Dedicated freight corridor to boost efficiency, and enhancing its integrated logistics network. Concor remains focused on scaling up its rail freight services and infrastructure, with an increased capex outlay for the commissioning of new terminals, fleet expansion, and the strengthening of multimodal connectivity.We expect a 10% CAGR in blended volumes and Ebitda margin of 23-24% over FY25-27. The stock trades at ~16x FY27E enterprise value/Ebitda. Reiterate Buy with a revised target price of Rs 980 (based on 20x EV/Ebitda on FY27E).Click on the attachment to read the full report:BSE Gets Motilal Oswal's Downgrade, Says Shift In Expiry To Dent Market ShareDISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.. Read more on Research Reports by NDTV Profit.