VRL Logistics surges 6%, hits new high on strong business outlook

In the past one month, the stock has outperformed the market by surging nearly 30 per cent as compared to 1 per cent decline in the S&P BSE Sensex.

Shares of VRL Logistics surged 6 per cent to hit a record high of Rs 599.55 on the BSE in Thursday’s intra-day trade on strong business outlook. The stock of the logistics solution provider surpassed its previous high of Rs 591.50 touched on February 7, 2022.

In the past three days, the stock has rallied 17 per cent after VRL Logistics signed Memorandum of Understanding (MoU) on April 18, 2022 with Ratna Cements (Yadwad) for transfer of the Wind Power (Sale of Power) undertaking along with all underlying assets and liabilities as a going concern on a slump sale