Buy Future Supply Chain, target Rs 780: Sumit Bilgaiyan

"The company is one of the largest service providers with an extensive network of facilities in a fast-growing third-party logistics market is looking attractive for long-term investment. 

Hence, we recommend buy with the target of Rs 780," says Sumit Bilgaiyan, Founder of Equity99.

Future Supply Chain is one of India’s largest organized third-party logistics service operators. The Indian third-party logistics market has grown at a CAGR of approximately 12 percent between FY12-17. The growth of the third-party logistics industry in India is expected to continue in line with the historical growth trajectory due to strong demand and supply-side drivers.

Future Tips

The company offers automated and IT-enabled warehousing, distribution and other logistics solutions to a wide range of customers. Future Supply Chain has the extensive network of 45+ distribution centers across India, 14 hubs and 106 branches, covering approximately 3.84 million square feet of warehouse space and also operates 2 distribution centers of its customers, covering approximately 0.37 million square feet of warehouse space.

The company is one of the largest service providers with an extensive network of facilities in a fast-growing third-party logistics market is looking attractive for long-term investment. Hence, we recommend buying with the target of Rs 780.

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Disclaimer:-The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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