Aegis Logistics rose 1.02% to Rs 89.50 at 14:47 IST on BSE after the company said it received additional 15 acre land at Kandla port to build storage terminal.
The announcement was made during trading hours today, 12 October 2015.
Meanwhile, the BSE Sensex was down 182.90 points, or 0.68%, to 26,896.61.
On BSE, so far 1.18 lakh shares were traded in the counter, compared with an average volume of 35,394 shares in the past one quarter.
The stock hit a high of Rs 92.50 and a low of Rs 87.45 so far during the day. The stock hit a record high of Rs 103 on 22 September 2015. The stock hit a 52-week low of Rs 31.50 on 17 October 2014.
The stock had outperformed the market over the past one month till 9 October 2015, rising 10.96% compared with 5.29% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.68% as against Sensex's 1.79% decline.
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The small-cap company has an equity capital of Rs 33.40 crore. Face value per share is Re 1.
Aegis Logistics announced the allotment of 15 acres of land at Kandla Port to build a storage terminal in addition to existing 5 acres of land already allotted in April 2015. With this the aggregate land allotted at Kandla port is 20 acres. The land is allotted on a lease for a period of 30 years by Kandla Port Trust.
Aegis Logistics' Managing Director & CEO, Anish Chandaria, said that with the allotment of additional land at Kandla Port, the company continues to strengthen its presence in Gujarat. A strong presence at Kandla Port is important for the company as the port handled approximately 29% of the POL (petroleum, oil and lubricants) traffic at major ports last year. Kandla Port Terminal is an important part of the company's strategy to build a necklace of terminals around India's coastline which will enable it to offer comprehensive facilities at every gateway into and out of India for a large number of cargoes to its customers.
Kandla is India's busiest major port located on the Gulf of Kutch on the western coast of India and is 430 nautical miles north of the Mumbai Port. The port has maintained its numero uno position in terms of volume of traffic handled. With excellent facilities to facilitate performance in cargo handling, faster turnaround of ships, berth productivity etc the port has handled 92.497 million tons of total cargo traffic including 55.598 million tons of POL traffic during the period April to March 2015.
On a consolidated basis, net profit of Aegis Logistics rose 46.18% to Rs 25.26 crore on 20.96% decline in net sales to Rs 750.38 crore in Q1 June 2015 over Q1 June 2014.
Aegis Logistics is India's leading oil, gas, and chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.
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