Navkar Corporation - 3QFY17 Result Update - Stable Performance; Strong Volume Growth on the Cards - Reliance Securities

In our view, NCL continues to remain well-placed to cash in the expected rise in EXIM trade due to various initiatives taken by the Government. Further, the threat of new entrants in CFS & ICD (Inland Container Depots) industry is moderate as limited land availability at strategic locations would discourage the competitors. Despite delay and overall weak business scenario, we maintain our estimates on the back of prospects of NCL and reiterate our BUY recommendation on the stock with an unrevised Target Price of Rs224.

Source : Equity Bulls

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