Aegis Logistics jumps up on robust Q1 results

DALAL STREET SPIKES

Aegis Logistics in Friday's trading was up at Rs 120.60 after the company announced impressive first quarter results. Over 17 thousand Aegis Logistics shares changed hands on the BSE on Friday.

Market analysts said, the logistic sector is on a boil and strong institutional players are looking at increasing their exposure in such companies. Sources said, a month back, Fidelity was aggressively buying at the counter. Going by their investment strategy, its a good long term investment, said a dealer with a domestic broking firm.

Aegis Logistics reported a 168 per cent growth in net profit during the quarter ended June 2005 to Rs 7.75 crore compared with Rs 2.89 crore in the same quarter last year.