AVG Logistics gains on bagging order around Rs 72 crore
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AVG Logistics is currently trading at Rs. 298.05, up by 2.15 points or 0.73% from its previous closing of Rs. 295.90 on the BSE.
The scrip opened at Rs. 301.45 and has touched a high and low of Rs. 305.10 and Rs. 289.05 respectively. So far 14486 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 305.10 on 22-Sep-2023 and a 52 week low of Rs. 185.20 on 15-May-2023.
Last one week high and low of the scrip stood at Rs. 305.10 and Rs. 264.75 respectively. The current market cap of the company is Rs. 350.96 crore.
The promoters holding in the company stood at 61.22%, while Institutions and Non-Institutions held 21.66% and 17.12% respectively.
AVG Logistics has received a new order from an existing multinational customer in the FMCG Industry. The Cumulative size of the order is around Rs 72 crore, which would be executed over a tenure of 3 years.
The awarded business contract would strengthen the company’s geographical presence in India and would increase the market share with the customer and help in achieving double digit growth in FY24. AVG logistics is positioned for further growth and expansion in tech enabled customised dedicated trucking business model across all regions.
AVG Logistics offers their customers services in three key areas like transportation whereby they provide point-to-point, less-than truck-load, time-definite transportation services; warehousing whereby they provide warehousing, distribution and cold-chain warehousing; and value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts
