In Cold Storage?

Akshay Sakaria, a chartered accountant, has high hopes of buying listed stocks in the logistics sector, as he believes they will gain traction with COVID-19 vaccination rollout. Recently, these shares witnessed massive gains. An analysis of 11 key stocks shows their market prices zoomed from 45 per cent (Container Corporation Of India) to 125 per cent (Snowman Logistics) between their lowest points this year in March-April and December 18. Medical experts indicate that a significant percentage of Indians—estimates indicate 300 million or more than a fifth of the population—will need to be vaccinated. Each person may have to get it done several times in a year based on the drug’s efficacy. Logistics firms in transportation, cold storage, warehousing, and related activities will benefit. Many have started to gear up for the massive operation in anticipation of higher...