4 Quality Stocks From Logistics Sector To Buy, Likely To Give High Return, Says Sharekhan

Sharekhan in its recent report on the Logistics sector maintains a positive view. The sector stayed muted. The brokerage pickles 4 stocks from the sectors with a Buy rating. These 4 stocks are Gateway Distrparks Ltd., Mahindra Logistics Ltd., TCI Express Ltd., and Transport Corporation of India Ltd. (TCI) for high gains of up to 26%.

Logistics stayed muted

According to the brokerage, The logistics sector reported largely in-line performance with net revenues (up 11.6% y-o-y), OPM (down 76 bps y-o-y) and net profit (flat y-o-y). Gateway Distriparks and TCI Express reported better-than-expected net earnings despite weak demand and poor pricing power. However, margin pressures remained y-o-y excluding Mahindra Logistics and Gati, which saw OPM expansion due to a low base.

Stock Movement - CMP, Target Price, & Potential Upside

*CMP as of Friday, 09 May 2023

Disclaimer - The stocks have been picked from the brokerage report of Sharekhan. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.