Allcargo Logistics surges after strong Q3 earnings

Allcargo Logistics surged 5.74% to Rs 141 at 12:31 IST on BSE after consolidated net profit jumped 58.03% to Rs 57.02 crore on 55.9% growth in total income from operations to Rs 1516.41 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Friday, 14 February 2014.

Meanwhile, the S&P BSE Sensex was up 50.31 points or 0.25% at 20,417.13.

On BSE, so far 3,174 shares were traded in the counter as against average daily volume of 2,817 shares in the past one quarter.

The stock hit a high of Rs 141 and a low of Rs 137.40 so far during the day. The stock had hit a 52-week high of Rs 151.75 on 22 February 2013. The stock had hit a 52-week low of Rs 60 on 6 August 2013.

The stock had outperformed the market over the past one month till 14 February 2014, advancing 0.87% compared with the Sensex's 3.17% fall. The scrip had also outperformed the market in past one quarter, jumping 32.03% as against Sensex's 0.16% fall.

The small-cap company has equity capital of Rs 25.28 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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