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AVG Logistics climbs on strengthening Cold Chain Capability by acquiring fleet of 50+ Cold Chain vehicles

20 Dec 2023 Evaluate

AVG Logistics is currently trading at Rs. 337.40, up by 5.85 points or 1.76% from its previous closing of Rs. 331.55 on the BSE.

The scrip opened at Rs. 337.10 and has touched a high and low of Rs. 344.00 and Rs. 333.75 respectively. So far 4324 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 368.00 on 08-Dec-2023 and a 52 week low of Rs. 185.20 on 15-May-2023.

Last one week high and low of the scrip stood at Rs. 355.00 and Rs. 329.35 respectively. The current market cap of the company is Rs. 399.95 crore.

The promoters holding in the company stood at 61.22%, while Institutions and Non-Institutions held 12.74% and 26.03% respectively.

AVG Logistics is strengthening its fleet operations by acquiring 50+ fleet of cold chain vehicles to enhance its cold chain capabilities. Bulk of this high-quality fleet was previously owned by a multinational logistics company amongst others. 

This greatly enhances AVG’s ability to service recently signed long term contract with India’s largest MNC FMCG Company both on the dry and frozen goods side. This fleet represents 20% of AVG’s current cold chain fleet strength and takes up AVG’s total cold chain fleet strength to 275+.

AVG Logistics offers their customers services in three key areas like transportation whereby they provide point-to-point, less-than truck-load, time-definite transportation services; warehousing whereby they provide warehousing, distribution and cold-chain warehousing; and value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.


AVG Logistics Share Price

165.40 2.55 (1.57%)
17-Apr-2026 16:59 View Price Chart
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