Allcargo Logistics spurts after bulk deal

The block deal constitutes 0.47% of Allcargo Logistics' equity.

Meanwhile, the S&P BSE Sensex was down 281.87 points or 1.41% at 19,752.61.

On BSE, 6.31 lakh shares were traded in the counter as against average daily volume of 5,616 shares in the past one quarter.

The stock hit a high of Rs 93.80 and a low of Rs 81.45 so far during the day. The stock had hit a 52-week high of Rs 152.80 on 26 July 2012. The stock had hit a 52-week low of Rs 78 on 12 July 2013.

The stock had underperformed the market over the past one month till 15 July 2013, sliding 17.64% compared with the Sensex's 4.47% gain. The scrip had also underperformed the market in past one quarter, falling 30.35% as against Sensex's 9.13% rally.

The small-cap company has equity capital of Rs 25.50 crore. Face value per share is Rs 2.

Allcargo Logistics' consolidated net profit declined 72.7% to Rs 16.84 crore on 9.3% growth in net sales to Rs 954.50 crore in Q4 March 2013 over Q4 March 2012.

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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