Buy Snowman Logistics, advises Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "As long as Snowman Logistics is available below Rs 80-85, it is a good buy. However, closer to Rs 85 it starts kind of peaking out for the current earning profile that it has reported. I had recommended this stock about two weeks back when this whole logistic thing had started taking off. The GST is what is kind of attracting all this attention and high decibel moves. Irrespective of that we have started looking at stories which are much more fundamentally embedded in the upswing of the economy rather than predicated on the GST passing, so that is where I had picked up Kesar Terminals and we kind of researched a little bit more.""GATI at lower level could probably also be one big chain because the kind of money that is now going top pout into the e-commerce side of the business also is enough clarity and that is even faster to implement. So, all these logistic companies which are into last mile delivery will tremendously benefit from that," he added.