Allcargo seems to hit resistance at 460 levels. The dramatic reduction in global freight prices, looming global recession, trade wars and shipping rerouting etc. remain a near term headwind. Ticker may drop down to 400 levels near term.
On the brighter side, mgmt focus on Corp restructuring may lead to rerating. Allcargo MTO, CFS, TransIndia and GATI. 4 companies. India gati shakti and infra push is a huge decadal tail wind for latter 3 companies. The son of promoter looks like a energetic and jovial young chap who is really getting being brought up from an early age. The junior Shetty is already handling the digitization push across all allcargo verticals, working with startups and soon may acquire some too.
DISCLOSURE – Invested heavily at 350 avg price. Fighting temptation to trade in and out.
I got lucky, continue to remain an IDIOT, Don’t treat this chatter as a recommendation… Do your DD
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