Jhaveri Securities
Allcargo Logistics (Buy)
CMP: ₹238.25
Target: ₹342
Allcargo Global Logistics is the leading LCL (less than container load) consolidator in India offering direct outbound and inbound LCL groupage services to and from major cargo destinations worldwide. Their present operations are in seven key areas of the logistics business. Allcargo has strong backward and forward linkages for all its services. Fright forwarders help to develop entire multimode transport operation, shipping lines, port agents and client across sectors help to manage container freight stations (CFS) / inland container depot (ICD) segment and project & engineering solutions (P&E) segment respectively. Being an integrated logistic player, customers are also prefer one-stop solution for all its logistic need and there is huge scope available in outsourcing of logistics. Inspite of being a leading LCL player, Allcargo has also started to focus on the full container load (FCL) segment. This enables Allcargo to further strengthen its position in global non-vessel operating common carrier (NVOCC) market. As the company is already handling large volume for LCL players, it can give the best deal to its FCL customers in cost-effective manner.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.