Buy VRL Logistics
Vrl logistics is a logistics company dealing into transportation and bus service. The company has over 400 buses and over 4000 trucks.
Company is planning to issue IPO of 468 cr at a price of Rs.205
At 205 the company share is at 20PE. While companies in the same sector are trading at 25 to 30 PE.
The company is planning to buy more assets and repay debt which is good news for long term investors.
We are expecting the share to give listing gains and risk with the company is very low. We recommend investors to invest with this company to gain profit.
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