Oct 14 2023, 14:39
6 logistics companies with upside potential of up to 38%:
First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day.
Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise.
While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season. logistics sector has been impacted in a major way by technology.
Not only the hyper local delivery, but even larger inter-state movement of goods is a space where tech has played its role in disrupting the matrix. That is probably the reason why some large players in the logistic space have also restructured their business model to ensure that both the operations and valuations are not impacted.
A number of logistics companies have made readjustments to meet challenges which some of the new age logistics platform companies have brought on the table in the last three years. Some demerged their business which focused on e- commerce business, while others decided to focus on their core large logistic operations.
The street has rewarded this companies with higher valuations. The list comprises companies with a target upside potential of up to 38 percent from the Logistics sector. The stocks collated with data from the latest Stock Reports Plus report dated Oct 13th, 2023. The list also contains a count of analysts evaluating each consumer discretionary sector stock for the one year.
The list has then been sorted with the highest potential stock coming on the top of the list.
Logistics sector stocks - Upside potential Oct 13, 2023
Company Name Avg Score Reco Strong Buy Analyst Count Upside Potential%
VRL Logistics 6 8 38.9 28.7 Inst Stake% Mid Market Cap Type Market Cap Rs Cr 5,683
Blue Dart Express Avg Score 5 Reco Buy 8 Analyst Count 31.6 * Upside Potential% 12.7
Inst Stake% Mid Market Cap Type 15,972 Market Cap Rs Cr
source:et
Oct 15 2023, 09:27
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