Buy Aegis Logistics With Long Term View (Oct20,08)

Company Name: Aegis Logistics, Reco: Buy
CMP: INR 70 Target Price: INR 210
Holding Period: 12-18 months
Best Buy Level: INR 65-67 (Accumulate at INR 65 level)
Investment Rational:
1. Aegis, a leader in oil and gas logistics, is expanding its liquid storage capacities to ride the soaring demand for oil and petroleum products, In order, It has acquired a) Sealord Containers (Storage Capacity-75000 kl), also acquired Konkan Storage System (Storage Capacity 51000kl).
2. Currently trading at a PE of 3.9, Div Yield = 6.4%,

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