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Allcargo Logistics declines despite reporting 5% rise in LCL volume in August

19 Sep 2024 Evaluate

Allcargo Logistics is currently trading at Rs. 65.26, down by 2.00 points or 2.97% from its previous closing of Rs. 67.26 on the BSE.

The scrip opened at Rs. 68.21 and has touched a high and low of Rs. 68.76 and Rs. 65.26 respectively. So far 128932 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 97.70 on 02-Jan-2024 and a 52 week low of Rs. 58.63 on 14-Aug-2024.

Last one week high and low of the scrip stood at Rs. 70.35 and Rs. 65.01 respectively. The current market cap of the company is Rs. 6560.07 crore.

The promoters holding in the company stood at 63.66%, while Institutions and Non-Institutions held 13.60% and 22.74% respectively.

Allcargo Logistics’ less than container load (LCL) volume for the month of August 2024 stood at 807’000 cubic meters. This represents a growth of 5% as compared to last year and a marginal decline of 1% as compared to last month. Volumes are expected to remain upbeat till Q3 (calendar year) of 2024 after which the company expects some impact on account of Golden week in China.

Ocean freight rates have now stabilized but are significantly higher as compared to last year. An increase in volume was witnessed in Latin America, Europe and Middle East. A marginal decline was witnessed in USA, Asia Pacific, and India. Container utilization has improved on the back of increase in volumes.

Its Full Container Load (FCL) volume for the month of August 2024 stood at 56’000 TEUs registering its highest ever monthly volume. This represents a growth of 10% as compared to the last year and 4% as compared to previous month. The growth in FCL volumes is driven by higher volumes in Latin America, Middle East and Asia Pacific.

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

9.01 -0.29 (-3.12%)
24-Apr-2026 16:59 View Price Chart
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