Allcargo Logistics falls after poor Q1 result

Allcargo Logistics dropped 2.87% to Rs 189.70 at 13:41 IST on BSE after consoldiated net profit fell 4.72% to Rs 61.38 crore on 4.73% fall in net sales to Rs 1393.74 crore in Q1 June 2016 over Q1 June 2015.

The announcement was made before market hours today, 23 August 2016.

Meanwhile, the S&P BSE Sensex was down 57.45 points or 0.21% at 27,928.09

On BSE, so far 73,000 shares were traded in the counter as against average daily volume of 58,402 shares in the past one quarter. The stock hit a high of Rs 192.80 and hit a low of Rs 182.55 so far during the day. The stock had hit a 52-week low of Rs 128.08 on 25 August 2015. The stock had hit a record high of Rs 221.60 on 1 August 2016. The stock had outperformed the market over the past 30 days till 22 August 2016, gaining 2.92% compared with 0.66% rise in the Sensex. The scrip also outperformed the market in past one quarter, advancing 25.51% as against Sensex's 10.59% rise.

The mid-cap company has equity capital of Rs 50.42 crore. Face value per share is Rs 2.

Allcargo Logistics provides integrated logistics solutions. The company offers specialized logistics services across multimodal transport operations, container freight station operations and project & engineering solutions.

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