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Last Updated : Feb 15, 2019 02:57 PM IST | Source:

Accumulate VRL Logistics; target of Rs 300: Dolat Capital

Dolat Capital recommended accumulate rating on VRL Logistics with a target price of Rs 300 in its research report dated February 11, 2019.

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Dolat Capital's research report on VRL Logistics

Even with high competition intensity and uncertainty in fuel cost, there are signs of improvement in business sentiment with a likely a tonnage growth of 7-8%. This likely to help the company able to achieve its targeted revenue growth of 10% YoY for FY19, in our view.


Hence, we continue to be positive on the company’s growth prospects, with an estimated CAGR growth of 13% for FY18-21E in earnings and continue to maintain Accumulate with a TP ` 300.

For all recommendations report, click here

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First Published on Feb 15, 2019 02:57 pm
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