Aegis Logistics soars on concluding ground breaking at Pipavav Port

13 Feb 2013

Aegis Logistics is currently trading at Rs. 151.60, up by 8.05 points or 5.61% from its previous closing of Rs. 143.55 on the BSE.

The scrip opened at Rs. 145.70 and has touched a high and low of Rs. 150.75 and Rs. 144.20 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 210.70 on 07-Dec-2012 and a 52 week low of Rs. 110.05 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 161.80 and Rs. 132.00 respectively. The current market cap of the company is Rs. 506 crore.

The promoters holding in the company stood at 62.43% while Institutions and Non-Institutions held 7.02% and 30.55% respectively.

Aegis Group, a Leader in Oil, Gas and Chemical Logistics, has initiated a major project at Pipavav Port, Gujarat for setting up a bulk liquid and gas storage terminal. The project contains additional capacity of 120,000 KL of bulk liquid and 2700 MT of gas. The ground breaking of the project has been completed and project activities started.  The company has obtained the requisite approvals for setting up the project.

Aegis is a leader in oil and gas logistics. The services provided by the company include sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The company also charges its customers for using various other facilities like jetty operations, unloading and loading. Aegis Logistics also imports, markets, and distributes bulk propane and liquid petroleum gas to various industrial customers in steel, ceramics, glass, and pharmaceutical sectors.

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Aegis Logistics Share Price

330.15 2.30 (0.70%) May 18, 09:43
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323