There are many facts about the logistics industry which might surprise many. Just to mention a few, a metal major has such a large fleet of owned trucks that the unit itself can be listed as a separate company and probably would figure in top 5 logistic companies. Second, in logistics, the major share is with the unorganized sector. Third right from a company which restructured its operations by selling some parts of business and then taking over another company to get into micro delivery space. To a company which increased its fleet size dramatically in the post covid era to cater to increased economic activity for auto and metal space. The whole logistics sector has seen a major shake up in the last few years.
However, since the beginning of this month, end-user industries have started showing signs of pick-up in demand, which is expected to sustain going ahead, says Ronald Siyoni, Associate Vice president at Sharekhan by BNP Paribas.
The domestic equity market closed lower for the third straight session on Friday. Sensex slipped 231 points to end the session at 65,397 and Nifty lost 82 points to settle at 19,542. Here s a look at stocks that are likely to remain in focus this week.
The Indian government's large-scale infrastructure spends directly impact the logistics sector. Watch out for these high growth logistics stocks that are primary beneficiaries.
Stocks to buy today: Domestic indices opened in green on Monday amid positive global cues. However, both indices soon slipped into negative territory and were trading marginally lower. At noon, NSE Nifty was trading around 17343, and BSE Sensex was around 58,912. Bank Nifty up at around 40,649. ITC, TCI Express among stock recommendations today. Watch this Business Today Visual Story to see which stocks to buy 3rd April 2023