Allcargo Logistics surges on incorporating new wholly owned subsidiary
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Allcargo Logistics is currently trading at Rs. 272.65, up by 5.80 points or 2.17% from its previous closing of Rs. 266.85 on the BSE.
The scrip opened at Rs. 267.20 and has touched a high and low of Rs. 274.00 and Rs. 267.20 respectively. So far 22789 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 494.85 on 14-Nov-2022 and a 52 week low of Rs. 256.05 on 18-Apr-2023.
Last one week high and low of the scrip stood at Rs. 281.65 and Rs. 262.40 respectively. The current market cap of the company is Rs. 6712.40 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 13.48% and 16.60% respectively.
Allcargo Logistics has incorporated a new wholly owned subsidiary in the name of ‘Allcargo ECU’ on August 20, 2023. The business of the new WOS is in line with the main line of business of the Company. The Certificate of Incorporation has been issued by the Ministry of Corporate Affairs. Allcargo ECU is incorporated in India and is yet to commence its business operations.
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.
