Buy Navkar Corporation, target Rs 265: Angel Broking

Angel Broking has a buy call on Navkar Corporation with a target price of Rs 265.
The current market price of Navkar Corporation is Rs 157.05.
Time period given by the brokerage firm is one year when Navkar Corporation price can reach defined target.
NCL is one of the largest and one of the three CFS at JNPT with rail connectivity, helping it garner high market share at the port.
NCL is in a massive expansion mode where it is increasing its capacity by 234 per cent to 1,036,889 TEUs at JNPT and coming up with an ICD at Vapi (with Logistics Park).
The ICD with rail link should benefit from first mover advantage in a region that has huge market potential and accounts for nearly 27 per cent of volumes at JNPT.
The ICD should be able to capture the EXIM volumes from the region through rail link that till now was being custom cleared at JNPT (Import) or being transported via road and consolidated at JNPT (Export).
South Gujarat volumes will now head straight to the Vapi ICD; thus the company can now cater to bulk commodities and domestic traffic that it had been rejecting owing to capacity constraints at CFS.