Ever since Govt. has announced a stake sale in Concor, stock has been sliding downwards. But I feel it is one of the biggest beneficiary of the GST and also the biggest name in logistics space. Terrific balance sheet, dividend payout and probably will ride on the ecommerce and exports uptrend (which should happen soon). I think the stock is undervalued at 1370/-. Any thoughts/comments?
In logistics space, Transport Corp (TCI) appears to be best because of demerger proposal. So, we can get double benefit of GST and value unlocking.
started buying after results, sold after FPO announcement, will buy in FPO at a discount Dec 18 - was undervalued at 1370, buying at sub 1300 levels or waiting for the Govt. to take it down further?