Tiger Logistics is my first pick of 2017: Ashish Maheshwari

In a chat with ET Now, Ashish Maheshwari, Director, Blue Ocean, explains his wealth creation ideas.

Edited excerpts:

What is the first stock?

My first stock idea is Tiger Logistics Ltd. this is a leading logistics company which is into multiple segments related to supply chain management. This is a company which handles freight forwarding, CHA, cold storage related shipments and commodity related movements. It has associates and offices around the globe. So this is truly a global supply chain management company operating out of India and this is one of the major beneficiaries this year as well as going forward for Make In India initiatives where lot of manufacturing activities are relocating to India.

If we see the performance of the company, it is growing consistently in last three years. From Rs 4 crore in 2014, this financial year, I am expecting around Rs 17 crore profit. This company has a small equity base of just 10 crore and promoter holding is also very high at 71%.

I have a price target of Rs 400 for this stock.