CONCOR rallies 9% after RBI nod for hike in FII Limit

Mumbai:  Container Corporation (ConCor) surged 9% to Rs.1,623 following Reserve Bank of India (RBI) approval for higher FII investment limit in the company. The counter has seen trades of around 22,000 shares so far on the BSE. According to a release issued by the RBI, the central bank last week notified that FII/NRI/FPI can invest up to 34 per cent of the paid up capital of Container Corporation of India. Meanwhile, the Sensex has tumbled 367 points to 29,082.