Allcargo Logistics surges on plan to set up Logistics Park in Haryana

16 Mar 2016 Evaluate

Allcargo Logistics is currently trading at Rs. 160.25, up by 1.85 points or 1.17% from its previous closing of Rs. 158.40 on the BSE.

The scrip opened at Rs. 159.75 and has touched a high and low of Rs. 162.00 and Rs. 159.10 respectively. So far 3803 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 217.90 on 30-Dec-2015 and a 52 week low of Rs. 128.08 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 155.05 respectively. The current market cap of the company is Rs. 3993.19 crore.

The promoters holding in the company stood at 69.92% while Institutions and Non-Institutions held 13.96% and 16.11% respectively.

Allcargo Logistics is planning to set up a logistics park in Jhajjar district, in the state of Haryana, to cater to the growing container traffic in the northern parts of the country. The project will comprise of rail linked private freight terminal catering to railway cargo movement, free trade warehousing zone, domestic tariff area and other related activities. It will also have the facility to handle both in-bound and out-bound contract logistics services. The company has in-principle approved setting up of Logistics Park in Haryana. The facility is expected to be operational by 2018, subject to necessary regulatory approvals and rail connectivity.

Allcargo Logistics provides various services such as inbound & outbound consolidation, multi-city consolidation, FCL forwarding airfreight forwarding activities project cargo handling and transportation and CFS operations.

Allcargo Logistics Share Price

67.16 -0.39 (-0.58%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Allcargo Logistics 67.16
TVS Supply Chain Sol 170.65
Container Corp 1074.55
Mahindra Logistics 430.90
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