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17-Jul2017

Allcargo Logistics shines on planning to foray into last-mile delivery space

Allcargo Logistics is currently trading at Rs. 175.80, up by 4.15 points or 2.42% from its previous closing of Rs. 171.65 on the BSE.

The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 176.30 and Rs. 172.15 respectively. So far 13377 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 221.60 on 01-Aug-2016 and a 52 week low of Rs. 150.30 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 176.60 and Rs. 169.00 respectively. The current market cap of the company is Rs. 4251.76 crore.

The promoters holding in the company stood at 70.02%, while institutions and non-institutions held 14.14% and 15.84% respectively.

Allcargo Logistics is planning to foray into last-mile delivery space and has set a target of trebling its domestic revenue at Rs 1,500 crore from the segment by 2020. The company through its European arm ECU Worldwide will also invest around Rs 1,000 crore to double its exim warehousing/ CFS stations and logistics park capacity to 10 million square feet by 2020.

Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.


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