Top 10 Stocks From Shipping & Logistics Sector

The growth of shipping and logistics sector depends on growth of the overall economy. In fact, this sector is said to be a proxy of the economy . As the economy revives there will be a rise in demand resulting in greater movement of goods, which would benefit the overall industry. According to experts the industry is expected to grow at 12%. Here is a list of top 10 stocks from Shipping & logistics sector published in Economic Times.

LARGE CAP STOCKS
Recommended By: Prabhudas Lilladher and KR Choksey Shares and Securities

MUNDRA PORT & SEZ
CMP:Rs 558
The port revenue of Mundra Port and Special Economic Zone (MPSEZ) grew by 17.4%. Mundra port clocked in volumes of 9.5m tonne for the quarter and 35.7m tones for FY09, representing growth of 12% and 24%, respectively. Growth in volumes was dominated by bulk cargo, which grew by 14.6% for the quarter.

CONTAINER CORP OF INDIA
CMP:Rs 1,051
The company exhibited reasonable performance in FY09 amidst the slowdown. The companys management is anticipating a recovery in the business environment, which is evident from its guidance of 10-12 % volume growth for FY10. We believe that the managements target for volume growth can be achieved.

MID CAP STOCKS
Recommended By: Karvy Stock Broking and SKP Securities

GREAT EASTERN SHIPPING
CMP:Rs 255
It reported revenue growth of 24% YoY to Rs 560 crore in the fourth quarter of FY09 due to decline in freight rates in dry bulk segment and 18% decline in operating days. The revenue was in line with our expectation of Rs 550 crore. Also, the consolidated revenue increased by 21.1% to Rs 3,791 cr during the for FY09.

GREAT OFFSHORE
CMP:Rs 422
It is the largest offshore oilfield service provider to upstream oil and gas companies to carry out offshore exploration and production activities . It recently forayed in to port management and single point mooring operations by acquiring 100% equity stake in KEI-RSOS Maritime and Rajamahendri Shipp. & Oilfield Services for Rs 1,600 crore.

SMALL CAP STOCKS
Recommended By: Emkay Global Financial Services

SEAMEC
CMP:Rs 172
During the beginning of the last quarter the company was sitting on committed contracts worth $40 million. As per management guidance all of its vessels will be fully available for operation in calendar year 2009. Consequently on expected full utilisation of fleet and currency appreciation we have upgraded the earnings estimates.

GARWARE OFFSHORE SERVICES
CMP:Rs 159
Revenues for the quarter increased by 88.9% to Rs 44 crore primarily on account of re-pricing of assets at higher day rates and addition of three new vessels PSV Mana & Makalu and AHTSV Poorna. Operating profit for the quarter increased by 62.9%. Also, the operating profit for the quarter increased by 62.9% y-o-y to Rs 23 crore.
Source: Economic Times

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