Sat, Aug 03, 2013 at 17:16
Target Price Rs 62
Implied Upside 31.9%
Rationale: It reported revenues to the tune of Rs 1.2bn, 30% YoY growth and flat on a QoQ basis. The YoY growth is largely on account of the discontinuation of the Maersk Line service that had taken place last year which had led to volumes plummeting. The company has now recovered most of the lost volumes through the addition of new services.
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