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Best Logistics Sector Stocks To Pour Money In 2024

stock market
19 Apr 20246 mins readBy MOFSL

Introduction

The Indian logistics sector will play a vital role if India is to attain its goal of becoming a USD 5 trillion economy. According to a report, the sector is estimated to reach USD 484.43 billion by 2029, up from USD 317.26 billion in 2024. Thanks to technological advancements in warehousing and transportation, the industry is poised for rapid growth. 

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Investing in logistics sector stocks can help you make meaningful gains in the long run. Adding them to your portfolio can help create wealth. Here are some of the best logistics sector stocks that you can invest in 2024. 

Top Logistics Sector Stocks to Invest in 2024

Some of the top logistics sector stocks that you can contemplate investing in 2024 are as follows:

1. Container Corporation of India (CCI)

Container Corporation of India, also known as CONCOR, is one of India's foremost logistics companies. It has a pan-India presence and enjoys a robust clientele. It provides inland transport of containers through railways and manages ports and air cargo complexes. It boasts a modern rail wagon fleet and is known for its customer-friendly policies. The trailing 1-year return from the stocks of this company stood at 45.75%.

2. Shipping Corporation of India

Shipping Corporation of India is one of India's leading maritime logistics players. It owns a vast fleet of ships. It transports goods and boasts highly modernised product tankers, offshore supply vessels, and crude oil tankers, among other vessels. 

Over the years, the Shipping Corporation of India has significantly facilitated India's economic growth. The company serves major Indian ports and connects India globally to key international destinations. The trailing 1-year return from the stocks of this company stood at 141.15%.

3. Adani Ports and Special Economic Zone

Adani Ports and SEZ is one of India's largest commercial port operators and accounts for a significant cargo movement in the country. It is present in several states, such as Goa, Gujarat, Kerala, Maharashtra, Odisha, Tamil Nadu, etc. 

The ports under it are known for their high-end cargo-handling infrastructure and modern facilities. They are also capable of handling various types of cargo, including liquid cargo and dry cargo. The trailing 1-year return from the stocks of Adani Ports and SEZ stood at 92.78%.

4. Delhivery Limited

Delhivery Limited is another leading logistics player in India in the e-commerce domain. The company is known for pioneering various innovative technology solutions. The company enjoys a PAN-India presence and has a large clientele.  

Its service portfolio entails various offerings to meet the requirements of diverse needs of businesses across various sectors. Its strength lies in accomplishing last-mile delivery, which is a vital aspect of logistics. The trailing 1-year return from the company's stock stood at 41.24%.

5. Blue Dart Express

Blue Dart Express, one of India's largest logistics and courier service providers, has carved a niche for itself as an efficient and reliable delivery partner. The company offers logistics solutions to meet the different needs of its customers and caters to various industries such as e-commerce, pharma, automotive, etc. 

Its commitment to CSR and sustainability initiatives is well-known. Though its trailing one-year returns are negative, the five-year trailing returns are impressive, standing at 11.22%.

6. Allcargo Logistics Ltd

Allcargo Logistics Limited is one of India's leading multinational logistics companies. It has global operations, and over the years, the company has grown into a logistics powerhouse. Its services span various segments, including supply chain management, warehousing, distribution services, transport operations, etc. 

It caters to both international and domestic clients, and one of its key strengths is its focus on innovation and technology. It uses advanced tracking and monitoring systems for its operations. This company's 1-year trailing returns on its stocks stood at an impressive 74.39%.

To Conclude

Today, India is one of the world's rapidly growing economies. The logistics sector is expected to reach new heights in the coming days, and investing in the stocks of the companies mentioned above can help you reap rich rewards. Investing in these stocks also allows you to diversify your investment portfolio.  

That said, conduct thorough research before investing. It is equally essential to factor in your financial goals and risk tolerance. If you are finding it difficult to understand on your own, you can seek professional help.

 

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Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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