Dolat Capital is bullish on Container Corporation of India has recommended buy rating on the stock with a target price of Rs 624 in its research report dated March 05, 2019.
Dolat Capital's research report on Container Corporation of India
DFC remains the most important long-term trigger as apart from boosting volumes, it will aid margins. Distribution logistics will help reduce rail dependence and counter falling lead distances. Management is confident of managing any further increase in haulage charges, if any, post-election.
Outlook
Near term, it maintains its FY19 volume guidance despite recent softness in volumes. Re-iterate our BUY with a TP of ` 624.
For all recommendations report, click here
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