SBICaps maintains BUY on Allcargo Logistics (TP: Rs 288)
Stellar performance; maintain BUY Maintain Buy, TP of Rs288: We believe, recovery in global trade would benefit the MTO and CFS business of AGL as it is the world’s largest less-than-container (LCL) consolidator. We are confident about AGL’s ability to maintain its MTO volumes, further supporting the growth through higher margin CFS business. At …