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Decline in oil prices from their highs and staying at a stable level. Increased economic activity are tailwinds which logistics companies have been getting for the last two quarters. While it is a tough task to make a guess on the oil prices, given the fact that despite the self imposed cut in oil production by Saudi Arabia, crude oil prices have still not seen any sustained uptrend. So the probability of a major headwind does not seems to be close by. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. ....
About 72% of Nifty50 stocks are either nearing or in the overbought region, with IT, Auto and Banks being the top 3 sectors by weightage in Nifty that are overbought. However, overbought signals seldom signal a reversal in a trending market, as much as they do in a sideways market. ....
Decline in oil prices from their highs, increased economic activity are tailwinds. However, will the step taken by RBI to control inflation show an impact on overall economic growth in the coming quarter and will a delayed monsoon may turn out to be a headwind for the short term. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. ....
The Delhivery stock kept making loud blips on the mutual fund radar with an 8 percent rise in the market. While Gati lost nearly 17 percent, the AllCargo Logistics stock gained around 18 percent year to date ....