EUR 120.00 For Business Accounts Only

MOSL: Morning India (20/October/21): 1. Logistics (On the cusp of a transformation); 2. Hindustan Unilever; 3. Nestle India; 4. ICICI Prudential Life Insurance; 5. L&T Technology; 6. ACC; 7. ICICI Securities; 8

MOrning India (20/October/21): 1. Logistics (On the cusp of a transformation); 2. Hindustan Unilever; 3. Nestle India; 4. ICICI Prudential Life Insurance; 5. L&T Technology; 6. ACC; 7. ICICI Securities; 8. Navin Fluorine; 9. Expert Speak (Retail)

 

Today’s top research theme

Logistics: On the cusp of a transformation

• The Indian Logistics sector is set to witness a transformation with 10-12% CAGR expected over the next five years led by reforms like GST and e-way bill ushering in a sea change in transparency and consolidation and the flurry of investments in infrastructure in the recent years
• The traditional Logistics segments like FTL/LTL would grow well, driven by a pick-up in overall economic activity but the faster growth is expected from niche value added services segments like 3PL and Express which would clock a CAGR of 16-18% in the coming years.
• With strong industry growth, coupled with a shift to the organized from the unorganized sector (~90% currently), the outlook for the organized players seems extremely bright. We assign a Buy rating to TCIE, TCI, VRL, and CCRI, and a Neutral rating to BDE and MLL. TCI is our top pick in this space.

Piping hot news

ETFs overtake liquid funds to become the largest MF category

The exchange traded funds (ETF) have overtaken the liquid funds' segment to become the largest mutual fund category in terms of assets under management (AUM) thanks to growing retail interest and sustained institutional demand.