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ICICI Direct Report
Q3 presented a mixed bag. While the surface transporters saw a healthy run (up 10% YoY), ports on the other side continued to see pressure on the commodity import front.
Exim rail, on the other hand, remained largely flattish (up 3% YoY) and domestic rail on the other front is expected to report strong growth numbers (up 39%).
Air cargo segment continues to remain a beneficiary of continued strong growth in sectors like e-commerce, pharmaceuticals, etc.
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