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Hold VRL Logistics, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert is of the view that one may hold VRL Logistics.

July 14, 2017 / 04:16 PM IST

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "For VRL Logistics, the longer term prospects look pretty good. Now with the Goods and Services Tax (GST) in place, hopefully we should see logistics players doing well and within the road transportation sector, VRL Logistics is a very dominant player. I would believe that if the investor has got a slightly longer term horizon, say 12-18 months, then only one could see a good smart uptick in this stock."

He further added, "The stock has been battered down because there was some confusion about the company getting into aviation space, but management has clearly clarified that they don’t want to go forward. However, from an earnings perspective, FY18 second half should look better. So, I think investor should hold on but I think one should give in little more time for making some money here."
first published: Jul 14, 2017 03:20 pm
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