Equity99 is bullish on Maheshwari Logistics has recommended buy rating on the stock with a target price of Rs 225 in its research report dated June 08, 2020.
Equity99's report on Maheshwari Logistics
Incorporated in 2006, Maheshwari Logistics Limited (MLL), offers a diversified business model, promoted by Maheshwari and Kabra Group. MLL is engaged in providing logistics services, supplying of non-coking coal, manufacturing of kraft paper and trading in variety of papers. Has their registered office at Vapi, Gujarat and paper manufacturing facility at Ambethi, Gujarat along with 6 operating offices in Gujarat and Rajasthan. The Company got listed on the NSE – SME platform on 16th January, 2017.
Outlook
At CMP of INR 162, stock trades at 13.6x trailing EPS. The stock is available at a significant discount to the industry PE of 20x. We recommend a compelling BUY for this stock.
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