UBS Initiates Coverage of LEAP Logistics Company with 'Buy' Rating
1 report, 1 independent
Updated Sep 21
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What happened
UBS initiated coverage of LEAP Logistics Company, an Indian logistics operator, with a 'Buy' rating on September 21, 2026. The firm noted that LEAP operates India's largest pooled logistics-asset network, offering equipment via a rental model. UBS set a target price of Rs 175 per share, implying potential upside from the trading levels.
From moneycontrol.com
Why it matters
UBS views LEAP as a play on the modernization of Indian logistics, driven by low palletisation and increasing demand for supply-chain efficiency. The brokerage expects revenue to grow at a 19 percent CAGR and EBITDA at 21 percent CAGR over FY26-31E.
From moneycontrol.com
Who's involved
- UBSSwiss multinational investment bank that issued the rating and price target
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The entities involved
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UBS
Swiss multinational investment bank and financial services company