Allcargo Logistics touches the roof as FIIs hike stake in the company

02 Jul 2014

Allcargo Logistics is currently trading at its upper circuit limit of Rs. 271.40, up by 12.90 points or 4.99% from its previous closing of Rs. 258.50 on the BSE.

The scrip opened at Rs. 271.40 and has touched a high and low of Rs. 271.40 and Rs. 265.05 respectively. So far 214690 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.50 on 01-Jul-2014 and a 52 week low of Rs. 60.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 258.50 and Rs. 200.50 respectively. The current market cap of the company is Rs. 3420.94 crore.

The promoters holding in the company stood at 72.30% while Institutions and Non-Institutions held 12.09% and 15.61% respectively.

Orange Mauritius Investments has bought stake of around 2% in Allcargo Logistics for Rs 61 crore though open market. The overseas investor has purchased 2.49 million shares representing 1.98% stake of the company at a price of Rs 244.97 per share.

Meanwhile, Shashi Kiran Shetty, the promoter of the company, has sold 3 million shares of the company at a price of Rs 245 per share.

Allcargo Logistics is a leading multinational company providing integrated logistics solutions. The organization offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323