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ValueProductPastPerformance

Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
Bharat Forge Ltd. 25/07/20241,593.85952.3007/04/2025 -40.25% 256 days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days

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Logistics sector may fall 6-8 per cent in FY21: ICRA
Nidhi Jani
/ Categories: Trending

Logistics sector may fall 6-8 per cent in FY21: ICRA

Rating agency ICRA in its latest report has said that Indian logistics sector is probably going to witness 6-8 per cent fall within the current year (FY21) on account of rapid outbreak of Coronavirus (COVID-19) disease. It noted that the rapid rise of COVID-19 pandemic as well as the government’s decision to contain the disease outbreak in India through 40-day lockdown is adversely impacting the logistics sector. Nevertheless, the logistics sector has seen a pointy fall in freight availability due to the restrictions imposed on the production of non-essential goods and absence of fleet for the movement of essential goods, all thanks to dearth of drivers, thereby leading to a spike in truck rentals.

According to the report, in Q3 FY2020, the revenue of ICRA’s sample of 12 large logistics players had declined by 2.6 per cent YoY, as compared to a growth of 18.6 per cent in Q3 FY2019 and 1.9 per cent in Q2 FY2020, in-line with the continued moderation in GDP growth, which hit 27-quarter low of 4.7 per cent, leading to a subdued freight availability. ICRA expects the trend to continue in Q4 FY2020 and Q1 FY2021 with a greater degree of subdued performance.

The report further stated that the muted consumer demand in sectors like automotive, FMCG, capital goods and retail, as well as the slowdown in the production of bulk industrial commodities, would adversely impact the expansion of the world. Further, it said that the immediate term growth prospects of the world also remain subdued, thanks to the outbreak of COVID-19 pandemic, which has exacerbated Indian macroeconomic growth scenario.

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