Allcargo Logistics: Returns set to improve; Hold

New Delhi | Updated: Jul 1 2014, 19:28pm hrs
At the CMP, the stock trades at 15.1x FY16e PE and 6.7x FY16e EV/EBITDA. Allcargo is focused on leveraging its global network for improving return ratios and to consolidate its balance sheet. We maintain a Hold rating on it, with a revised target price of `248 at 7x FY16e EV/EBITDA.

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