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Allcargo Logistics trades higher on the bourses

02 May 2018 Evaluate

Allcargo Logistics is currently trading at Rs. 141.10, up by 0.75 points or 0.53% from its previous closing of Rs. 140.35 on the BSE.

The scrip opened at Rs. 140.10 and has touched a high and low of Rs. 142.45 and Rs. 136.15 respectively. So far 151880 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.80 on 09-Jan-2018 and a 52 week low of Rs. 136.15 on 02-May-2018.

Last one week high and low of the scrip stood at Rs. 159.80 and Rs. 136.15 respectively. The current market cap of the company is Rs. 3397.97 crore.

The promoters holding in the company stood at 69.11%, while Institutions and Non-Institutions held 20.26% and 10.63% respectively.

Allcargo Logistics has received an approval for the development of the Logistics Park, at District Jhajjar, Haryana, connected to Dedicated Freight Corridor and a rapidly growing National Capital Region. The Board of the company at its meeting held on May 2, 2018, approved the same.

Initially, the company would set up warehouse(s) and Inland Container Depot(s) through Special Purpose Vehicles companies (SPVs), viz. Allcargo Multimodal and Allcargo Inland Park, being wholly owned subsidiaries of the company. The company through its SPVs, would acquire land parcels admeasuring 93 acres or thereabouts for the aforesaid purpose. Additional land parcels would be procured in a phased manner.

Apart from the above, land parcels admeasuring 28 acres or thereabouts would also be taken on a lease basis for rail link connectivity.

Total outlay for setting up the Logistics Park, at Jhajjar would be approximately Rs 500 crore out of which up to Rs 150 crore would be incurred immediately for procurement of the said land parcels and balance would be incurred in a phased manner over a period of 3- 5 years.

Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.

Allcargo Logistics Share Price

9.58 -0.07 (-0.73%)
17-Apr-2026 16:59 View Price Chart
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