Allcargo Logistics rose 1.17% to Rs 191 at 11:13 IST on BSE after the company said its board will meet on 7 November 2016, to consider a proposal for buyback of the equity shares of the company.
The announcement was made on Saturday, 29 October 2016.Meanwhile, the BSE Sensex was down 7.09 points, or 0.03%, to 27,923.12.
On BSE, so far 17,000 shares were traded in the counter, compared with average daily volume of 39,393 shares in the past one quarter. The stock hit a high of Rs 193.90 and a low of Rs 190 so far during the day. The stock hit a record high of Rs 221.60 on 1 August 2016. The stock hit a 52-week low of Rs 135 on 1 March 2016. The stock had outperformed the market over the past 30 days till 30 October 2016, rising 4.42% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 11.09% as against Sensex's 0.26% decline.
The mid-cap company has equity capital of Rs 50.42 crore. Face value per share is Rs 2.
On a consolidated basis, net profit of Allcargo Logistics declined 8.31% to Rs 61.02 crore on 4.73% decline in net sales to Rs 1393.74 crore in Q1 June 2016 over Q1 June 2015.
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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