Allcargo Logistics

Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.

Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.

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Shares of Allcargo Logistics soared up to 11.59 per cent at Rs 68.65 per share on the BSE in Tuesday's intraday trade. This came after the company on Monday released its monthly business figures

Allcargo Logistics standalone net profit nosedived 97 per cent to Rs 3.36 crore in the June quarter of the current fiscal. The company's net profit was Rs 198.26 crore in the corresponding period of last year, according to a regulatory filing. Income from operations for the quarter under review, however, rose 46 per cent year-on-year to Rs 526.47 crore from Rs 360.26 crore in Q1 FY24, as per the filing. Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) have led to improved volumes and increased freight rates, the company said. The demand is expected to continue through the peak season until the end of the year, the company said in a statement. The LCL (less-than-container load) volume for the June quarter stood similar to the same quarter last year at 2.25 million CBM (cubic meter) while FCL (full container load) volume stood at 1,56,000 TEUs, up 9 per cent on a y-o-y basis, it said. The company said its contract logistics

The fresh capital secured after fund-raise committee of company's board has approved the issue and allotment to successful qualified institutional buyers at the issue price of Rs 101 per equity share

On a daily scale, Allcargo has formed a bullish alternate bat pattern following a sharp decline of 14 points, which translated into a substantial 19 per cent reduction in its price

ECU Worldwide, a wholly-owned global subsidiary of Allcargo Logistics, on Thursday said it has partnered with ShipBob to offer its ocean and air freight services to the latter's receiving hubs and fulfilment centres in the US, Europe, Canada and Australia. Under the collaboration, ECU Worldwide will become an integral part of FreightBob, an end-to-end managed freight and inventory distribution programme of ShipBob, through its network across over 180 countries, more than 2,400 direct trade lanes and door-to-door deliveries, Allcargo Logistics said. This would help ShipBob manage its e-commerce inventory for their merchants in over 50 markets, as a part of ECU Worldwide LCL (less-than-container load) offering, it stated. "Our new-age tech-driven booking platform ECU360 has redefined the global supply chain efficiency with convenient features, continued product innovation and a worldwide network. The association with ShipBob will help us further deepen our delivery capabilities acros

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes Dev Chatterjee through his life that started at the docks, with some cinematic stopovers

Recently, the company's arm Allcargo Supply Chain Private Limited (ASPL) said would be expanded its warehouse space by adding 3 million square feet in the next two-three years.

Allcargo Logistics Ltd on Tuesday reported an 88 per cent decline in consolidated Profit After Tax (PAT) to Rs 17 crore in the December quarter. The company had posted a consolidated PAT of Rs 146 crore in the year-ago period, Allcargo Logistics said. Revenue from operations in the third quarter of the ongoing fiscal fell 22 per cent to Rs 3,212 crore from Rs 4,127 crore a year ago, the company said. The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 111 crore during the quarter under review as against Rs 253 crore, registering a 56 per cent decline, it said. The company said it expects the global trade to revive in the second half of 2024. In the near term, Red Sea crisis has taken out some capacity from the market, leading to a balance against subdued demand, which should have marginal positive impact in the June quarter, Allcargo said. It also said the company has undertaken major cost reduction initiatives that will help signific

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As per the approved swap ratio, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati

Allcargo Logistics Ltd and Allcargo Gati boards on Thursday approved restructuring of businesses, Allcargo Group said in a statement. As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity -- Allcargo ECU Ltd, it said. This would include the India part of ISC business, along with the international subsidiaries held under the ECU Worldwide NV, it said. It also said the express and contract logistics businesses would come under the resulting entity -- Allcargo Logistics (post ISC demerger) -- which will benefit from combined synergies. Moreover, the shareholders of Allcargo and Allcargo Gati (formerly Gati Ltd) will get direct shareholding, eliminating inefficient complex corporate structure, the company said. As per the approved swap ratio, based on the recommendations of the independent valuers, shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post-ISC demerger) for every 10 shares held in ..

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Logistics operator Allcargo Group plans to achieve carbon neutrality by 2040 and will only partner with carriers using greener fuels, according to the company's latest ESG report. India is working on achieving its net zero emission targets by 2070 and attaining a 45 per cent reduction in emissions intensity of GDP by 2030 from the 2005 level, it said. The company report titled 'Navigating the Green Horizon', released on Thursday, highlighted the group's commitment to achieve carbon neutrality by 2040 through its green and renewable ways. It also spells out in detail the group's other Environmental, Social, and Governance (ESG) goals which include energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labour practices and human rights, cybersecurity, and corporate governance. "The true progress is never about profit alone. It's about what good it can do for people and the planet. This is why integrating ESG ...aspects int

Allcargo group firm Gati on Wednesday said it is expecting an 1820 per cent increase in festive season demand, particularly in segments such as e-commerce and white goods, among others, this year. The company said it is geared up to cater to this anticipated surge with its enhanced warehousing and service delivery capabilities. Besides, a mega surface transhipment centre and distribution warehouse at Bhiwandi in Thane district of Maharashtra, Gati also has surface transhipment centre (STC) at Farukh Nagar (Haryana), Indore, Nagpur and Guwahati. The company will help SMEs in those regions build more geographically diversified markets during the festive season, Gati Express and Supply Chain Pvt Ltd (GESCPL) said. "We are fully prepared with our enhanced delivery capabilities to meet the festive demand surge and uptick in the order volume. We expect an 1820 per cent increase in festive demand this year," said Rajesh Gowrinath, senior Vice President for sales at Gati Ltd. The company

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CLOSING BELL ON JUNE 12, 2023: The Nifty reclaimed the 17,600 level; In the broader market, BSE Midcap index advanced 0.5 per cent, and Smallcap added 0.7 per cent on Monday.

With the conclusion of this deal, Allcargo, along with Gati, now holds 100 per cent stakes in GKEPL and assumes complete control