Allcargo Logistics is currently trading at Rs. 99.50, up by 0.75 points or 0.76% from its previous closing of Rs. 98.75 on the BSE.
The scrip opened at Rs. 97.15 and has touched a high and low of Rs. 100.65 and Rs. 97.15 respectively. So far 10225 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. 94.30 on 08-Oct-2018.
Last one week high and low of the scrip stood at Rs. 103.60 and Rs. 94.30 respectively. The current market cap of the company is Rs. 2444.67 crore.
The promoters holding in the company stood at 69.11%, while Institutions and Non-Institutions held 18.38% and 12.51% respectively.
Allcargo Logistics is investing over Rs 1,000 crore to set up four logistics parks at key locations over the next two years, in bid to gain opportunities as the economy moves on at a faster clip. The company will utilize its land banks acquired in the past few years in anticipation of GST implementation as well as growth expected in the domestic logistic business. Further, the company also plans to launch an airfreight logistics service shortly.
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.
