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Last Updated : Mar 19, 2019 03:00 PM IST | Source: Moneycontrol.com

Buy Container Corporation of India; target of Rs 624: Dolat Capital

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.

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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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First Published on Mar 19, 2019 03:00 pm
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