Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

Shares of logistics players saw a mixed response in trade on Monday after the government launched the national logistics policy (NLP) on Saturday.

Investors lapped up shares of Allcargo Logistics, Concor, VRL Logistics and Lancer Container, sending them 0.4-7 per cent higher. However, pressure mounted on shares of Snowman Logistics, Mahindra Logistics, and Delhivery. Shares of these companies declined up to 4 per cent.

The market reaction mirrors analysts’ mixed response to the NLP even though they expect the policy to benefit logistic players in the medium-to-long term. But they foresee no upside in the near-term.

Analysts at Jefferies, for