Aegis Logistics tanks after muted growth in Q2 net profit

Aegis Logistics tumbled 10.77% to Rs 98.20 at 12:44 IST on BSE after consolidated net profit rose 3.8% to Rs 26.61 crore on 66.8% decline in net sales to Rs 494.49 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 3 November 2015.

Meanwhile, the S&P BSE Sensex was up 136.91 points or 0.51% at 26,727.50.

The stock slumped on heavy volumes. On BSE, so far 4.05 lakh shares were traded in the counter as against average daily volume of 74,924 shares in the past one quarter.

The stock hit a high of Rs 106.80 and a low of Rs 96.45 so far during the day. The stock had hit a record high of Rs 111 yesterday, 3 November 2015. The stock had hit a 52-week low of Rs 36.11 on 10 November 2014.

The stock had outperformed the market over the past one month till 3 November 2015, surging 26.93% compared with Sensex's 1.41% rise. The scrip had also outperformed the market in past one quarter, jumping 30.78% as against Sensex's 5.66% fall.

The small-cap company has equity capital of Rs 33.40 crore. Face value per share is Rs 1.

Aegis Logistics is India's leading oil, gas, and chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.

Powered by Capital Market - Live News