India has finally received its long-awaited National Logistics Policy (NLP). The Policy is set as a roadmap for developing a more interconnected and tech-driven framework for building cost and operational efficiency in the logistics sector.
Prime Minister Narendra Modi said, “From 13 to 14% logistics cost, we should all aim to bring it to single-digit as soon as possible. This is low-hanging fruit if we have to become globally competitive.”
To make the sector more tech-driven, the government has launched a Unified Logistics Interface Platform (ULIP) which will bring all the digital services related to the transportation sector into a single platform.
Ease of Logistics Services (E-Logs), a new digital platform, will also allow the industry players to have a direct link with the government agencies which will ensure speedy resolution of any issue.
In the light of this positive news, here are two multibagger stocks that have jumped further:
Accuracy Shipping Ltd
The shares of the company opened at Rs 235 on Monday and jumped by approximately 10 per cent to reach an intraday high of Rs 258 in the early trading hours. In the span of a month, the stock has gained 20 per cent.
In December 2020, the shares of Accuracy Shipping were trading at Rs 31 a piece on NSE. From there it has climbed up to the current levels thereby delivering a multibagger return of 685% in two years.
In Q1FY23, the company reported total revenue of Rs 244.4 crores as compared to Rs 158.6 crores which they earned in the same quarter a year earlier. In the period, their net profit stood at Rs 3.36 crores compared to Rs 5.42 crores in Q1FY22.
The company has a market capitalization of Rs 369 crores as of September 19th, 2022. The promoters hold a 63.69 per cent stake in the company with zero shares pledged. The company has a TTM PE of 21.17 compared to the sectoral PE of 25.77 which represents that it is undervalued.
Accuracy Shipping Ltd is involved in providing third-party logistics solutions that offer customised and end-to-end logistics solutions and services including transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing and value-added services.
AVG Logistics Ltd
The shares of the company opened at Rs 96.6 on Monday and were locked in an upper circuit of 5 per cent in the early trading hours. In the span of a month, the stock has gained 72 per cent.
In September 2020, the shares of Accuracy Shipping were trading at Rs 47 a piece on NSE. From there it has climbed up to the current levels thereby delivering a multibagger return of 110% in two years.
In Q4FY22, the company reported total revenue of Rs 228.18 crores as compared to Rs 201.30 crores which they earned in the same quarter a year earlier. In the period, their net profit stood at Rs 5.99 crores compared to a loss of Rs 1.72 crores in Q4FY21.
The company has a market capitalization of Rs 113 crores as of September 19th, 2022. The promoters hold a 61.22 per cent stake in the company with zero shares pledged.
AVG Logistics Ltd, provides road transportation services, warehousing facilities and Railway transportation to various domestic and multinational companies.
Written by Anoushka Roy
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