Suggest to buy Allcargo Logistics in the non-NBFC sector: Nitin Raheja

In a chat with ET Now, Nitin Raheja, Co-Founder, AQF Advisors shares his views on the Nonfinancial, non-NBFC sector. Edited Excerpts:

ET Now: What is your top idea for the Nonfinancial, non-NBFC sector.

Nitin Raheja: We like Allcargo Logistics. It is the largest player in the less than container load segment and among the top five in the world. It has done some acquisitions last year in the US. That was one of the weak spots. It has got the whole JNPT container business. As the economy revives, You are going see to that the LCL business is a natural monopoly. They have the largest less than container load segment busines in India. Container load is going to go up.

It is trading at far far far cheaper valuations compared to the valuations that other logistics companies trade. In the next two-three years as the economy, the container business picks up, the equipment hiring business will pick up for them.