Transport Corporation of India good pick: Porinju Veliyath

Porinju Veliyath, MD & Portfolio Manager at Equity Intelligence India told CNBC-TV18, "Since last few months I have been talking about logistics and e-commerce, that sector has been in fancy, the stocks have move by some 3-4 times in the last one year. However in the last few months this has been stagnating. Remember Transport Corporation of India is the market leader in India and it is very well established with a national presence and with huge infrastructure and warehouses in place. GST is also now coming. So, it is going to be real event starting from April 2016."

"Around Rs 1900 crore of market cap, TCI is a very good pick. It is not a multi-bagger but this should be a very safe and a good compounder for the next many years in coming," he said.