Buy Allcargo Logistics Ltd. target Rs 215 : Kotak Securities Limited

Kotak Securities Limited has a buy call on Allcargo Logistics Ltd. with a target price of Rs 215 .The current market price of Allcargo Logistics Ltd. is Rs 182.25 The analyst gave a year for Allcargo Logistics Ltd. price to reach defined target. Allcargo has a strong presence in the Multimodal Transport Operation (MTO) business through a wide network of ECU Line. It also has a strong hold on domestic MTO business and continues to perform strongly in the MTO segment despite sluggish container shipping market. "We estimate the MTO segment to grow at about 6.2 per cent in FY17 and by about 5.4 per cent in FY18. Relationship with shipping lines, vast experience in logistics business and presence in other verticals (MTO) should help ALL to outperform most of its peers in the CFS segment," Kotak Securities said