An An investment banker is bullish on Navkar Corpora-tion, which had entered the capital market last August to raise around Rs 600 crore, and of late, the logistics sector is in the limelight with the company providing container freight station (CFS) services and trading activities. At present the company has three CFS, two at Ajivali and one at Somarthane all near Panvel, Maharashtra. For fiscal 2015, it had earned a net profit of Rs 74 crore on a total income of Rs. 332 crore. And with the prceeds of the issue the company has started setting up a logistics park at Valsad, near Vapi. At the same time, the capacity at Panvel is also being raised. The benefits of these growth plans will be reflected in the company’s balance sheet from the year ending March 2017.
*Intraday & Short Term News For Monday* *Fii And Dii News* *TCI FINANCE LTD (501242 & NSE) (31)* Incorporated in 1973, TCI Finance Ltd (TCIFL) is a Non-Banking Finance Company (NBFC) registered with the RBI and engaged in the business of Inter-Corporate Deposits, investment in equities of bodies corporate etc. The Company was promoted by Mr. Mahendra Agarwal, who is also the Managing Director and CEO of Gati Ltd, a pioneer in express distribution and supply chain and promoted by TCFIL The Rs.2 paid-up share of Gati Ltd currently trades at Rs.113. TCIFL has one subsidiary - ITAG Business Solutions Ltd engaged in the business of Knowledge Process Outsourcing (KPO) in the domain of Intellectual Property Services. *It is co-promoter of GATI LTD. Company is holding 55,12,455 shares (5.09%) stake in GATI LTD. At CMP value of investments is around Rs.62.3crore. Equity is Rs.12.87crore. Thus value of investment works out to Rs.48.4 per share ...
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