Mahindra Logistics is currently trading at Rs. 589.00, up by 13.80 points or 2.40% from its previous closing of Rs. 575.20 on the BSE.
The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 602.00 and Rs. 584.30 respectively. So far 4735 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 652.95 on 20-Jun-2018 and a 52 week low of Rs. 405.00 on 17-Nov-2017.
Last one week high and low of the scrip stood at Rs. 602.00 and Rs. 554.50 respectively. The current market cap of the company is Rs. 4200.93 crore.
The promoters holding in the company stood at 61.05%, while Institutions and Non-Institutions held 20.05% and 18.90% respectively.
Mahindra Logistics has received an approval for further investment in Lords Freight (India) by way of an additional purchase of 2,39,220 equity shares of Lords (representing 10.12% of equity share capital of Lords) from the existing Shareholders of Lords. The Board of Directors of the company at their Meeting held on August 29, 2018, approved the same.
Earlier, the company had informed about additional investment in Lords, Subsidiary of the company by way of purchase of 2,05,200 shares from the existing Shareholders of Lords and consequent increase of the shareholding of Mahindra Logistics in Lords from 60% to 68.69%.
On completion of both the above mentioned purchases, the company’s shareholding in Lords would increase from 60% to 68.69% and eventually the company would hold 78.81% in Lords.
Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
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