Bullish signal on daily chart
Future is integrated logistic
In recent years, global maritime trade has witnessed some structural challenges as well. In container shipping segment, further consolidation has been witnessed in the industry, the combined market shares of the top 10 container shipping lines increased from 68% (in FY14) to 90% in FY19. There are also signs that carriers are considering vertical integration by taking greater control of inland logistics, aiming to provide integrated service offerings and generate more value.
Indian logistic market is largely un organised
Currently, the Indian logistics industry is highly fragmented and dominated by unorganised players. It is estimated that organised players accounting for around 10% of the total logistics market share.
Covid blues impacted both consumer spending and investment
The shutdown of factories and localised lockdowns on account of the pandemic adversely impacted consumer spending and reduced the flow of investment towards the end of the year. India saw a sharp slowdown owing to stress in liquidity flow to non-government sector and decline in rural demand.