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Essar Shipping touches roof on getting nod to raise Rs 400 crore through NCDs Essar Shipping is currently trading at its upper limit of Rs. 15.23, up by 0.72 points or 4.96% from its previous closing of Rs. 14.51 on the BSE. The scrip opened at Rs. 15.23 and has touched a high and low of Rs. 15.23 and Rs. 15.23 respectively. So far 70678 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.23 on 28-Aug-2023 and a 52 week low of Rs. 6.95 on 26-Aug-2022. Last one week high and low of the scr...
Essar Shipping touches roof on getting nod to raise Rs 400 crore through NCDs
Essar Shipping touches roof on getting nod to raise Rs 400 crore through NCDs
Source: Accord Fintech
28/08/2023 12:24:48 PM
Essar Shipping shines on planning to raise funds Essar Shipping is currently trading at Rs. 13.17, up by 0.62 points or 4.94% from its previous closing of Rs. 12.55 on the BSE. The scrip opened at Rs. 12.60 and has touched a high and low of Rs. 13.17 and Rs. 12.60 respectively. So far 192878 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.49 on 16-Jun-2023 and a 52 week low of Rs. 6.75 on 25-Aug-2022. Last one week high and low of the scrip stood at Rs. 13...
Essar Shipping shines on planning to raise funds
Essar Shipping shines on planning to raise funds
Source: Accord Fintech
23/08/2023 12:08:12 PM
Buy Cochin Shipyard Ltd For The Target Rs.680/710 - LKP Securities Future Outlook • CSL has the largest Ship Building & Maintenance Facility in India and its ability to deliver complex Defence Vessels is vindicated by its delivery of India's first indigenous Aircraft Carrier- INS Vikrant. CSL is also constructing India's first hydrogen fuel cell vessel. • CSL is expected to see good momentum this fiscal on the back of its strong Rs 210bn Order Book. Technical Commentary • The stock is maintaining a strong uptrend marked...
Buy Cochin Shipyard Ltd For The Target Rs.680/710 - LKP Securities
Buy Cochin Shipyard Ltd For The Target Rs.680/710 - LKP Securities
Source: LKP Securities
18/08/2023 3:42:34 PM
Adani Ports rises on handling cargo volume of 34 MMT in July Adani Ports and Special Economic Zone is currently trading at Rs. 770.60, up by 4.90 points or 0.64% from its previous closing of Rs. 765.70 on the BSE. The scrip opened at Rs. 767.00 and has touched a high and low of Rs. 774.00 and Rs. 758.30 respectively. So far 83790 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and low...
Adani Ports rises on handling cargo volume of 34 MMT in July
Adani Ports rises on handling cargo volume of 34 MMT in July
Source: Accord Fintech
2/08/2023 12:03:20 PM
India`s merchandise trade deficit fell to $20.13bn in June India's trade deficit in merchandise trade slid to $20.13 billion in June from $22.1 billion in May, according to a Commerce Ministry data released on Friday.  Merchandise exports in June was at $32.97 billion, while imports were $53.10 billion during the same month. During May, merchandise exports were $34.98 billion, while imports were at $57.10 billion.  India's exports were down owing to slowdown in major economies of the world, commerce secretary Sunil Barthwal to...
India`s merchandise trade deficit fell to $20.13bn in June
India`s merchandise trade deficit fell to $20.13bn in June
Source: IANS
14/07/2023 6:29:03 PM
Gujarat Pipavav Port spurts on handling 199 thousand TEUs Containers Cargo in Q1FY24 Gujarat Pipavav Port is currently trading at Rs. 122.00, up by 2.85 points or 2.39% from its previous closing of Rs. 119.15 on the BSE. The scrip opened at Rs. 120.85 and has touched a high and low of Rs. 122.20 and Rs. 120.25 respectively. So far 31796 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.80 on 27-Jun-2023 and a 52 week low of Rs. 77.30 on 12-Jul-2022. Last one week high and low of the scrip sto...
Gujarat Pipavav Port spurts on handling 199 thousand TEUs Containers Cargo in Q1FY24
Gujarat Pipavav Port spurts on handling 199 thousand TEUs Containers Cargo in Q1FY24
Source: Accord Fintech
11/07/2023 10:56:25 AM
Gati surges on reporting 14% growth in total volume in June 2023 GATI is currently trading at Rs. 130.65, up by 5.20 points or 4.15% from its previous closing of Rs. 125.45 on the BSE. The scrip opened at Rs. 125.65 and has touched a high and low of Rs. 132.50 and Rs. 123.00 respectively. So far 110669 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.25 on 14-Sep-2022 and a 52 week low of Rs. 97.65 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs. 132.50...
Gati surges on reporting 14% growth in total volume in June 2023
Gati surges on reporting 14% growth in total volume in June 2023
Source: Accord Fintech
10/07/2023 12:19:02 PM
Adani Ports rises on reporting 11.5% growth in cargo volumes during Q1FY24 Adani Ports and Special Economic Zone is currently trading at Rs. 745.35, up by 8.55 points or 1.16% from its previous closing of Rs. 736.80 on the BSE. The scrip opened at Rs. 742.85 and has touched a high and low of Rs. 750.95 and Rs. 735.05 respectively. So far 150214 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and lo...
Adani Ports rises on reporting 11.5% growth in cargo volumes during Q1FY24
Adani Ports rises on reporting 11.5% growth in cargo volumes during Q1FY24
Source: Accord Fintech
4/07/2023 12:56:48 PM
Gujarat Pipavav Port surges on resuming port operations Gujarat Pipavav Port is currently trading at Rs. 115.50, up by 1.25 points or 1.09% from its previous closing of Rs. 114.25 on the BSE. The scrip opened at Rs. 112.30 and has touched a high and low of Rs. 116.20 and Rs. 112.30 respectively. So far 62053 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.25 on 05-Apr-2023 and a 52 week low of Rs. 70.40 on 23-Jun-2022. Last one week high and low of the scrip sto...
Gujarat Pipavav Port surges on resuming port operations
Gujarat Pipavav Port surges on resuming port operations
Source: Accord Fintech
20/06/2023 3:36:44 PM
Hold Gujarat Pipavav Ltd For Target Rs.120 - ICICI Direct Weak global macros weigh on GPPL volumes ahead   About the stock: Gujarat Pipavav is a South-West Gujarat based port with an MNC promoter (APM Terminals – Maersk Group). It lies at a strategic international maritime location, which connects India with the Far East, on the one side, and Middle East, Africa, Europe and the US, on the other. • The port container capacity is at 1.35 million TeUs, bulk capacity at 4-5 million MT and liquid capacity at 2 million MT &bull...
Hold Gujarat Pipavav Ltd For Target Rs.120 - ICICI Direct
Hold Gujarat Pipavav Ltd For Target Rs.120 - ICICI Direct
Source: ICICI Direct
14/06/2023 12:42:38 PM
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities Earnings outlook hazy...   Garden Reach Shipbuilders & Engineers’ (GRSE) Q4FY23 EBITDA performance was below street estimates by ~50.5%. Key highlights: 1) revenues rose 10.7% YoY largely on the back of delivery of two ships (cargo-cum-ferry vessel for the government of Guyana and fast patrol vessel {FPV} for Indian Coast Guard), and P-17A advanced frigates entering their peak billing phase; 2) EBITDA was down 37.4% YoY at Rs204mn due to decline in gross margins and highe...
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities
Source: ICICI Securities Ltd
8/06/2023 2:54:02 PM
Shreyas Shipping & Logistics gains after selling one vessel `M.V. SSL Ganga` Shreyas Shipping & Logistics is currently trading at Rs. 318.85, up by 0.65 points or 0.20% from its previous closing of Rs. 318.20 on the BSE. The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 320.00 and Rs. 316.55 respectively. So far 1026 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.00 on 25-Aug-2022 and a 52 week low of Rs. 212.20 on 27-Mar-2023. Last one week high and low of t...
Shreyas Shipping & Logistics gains after selling one vessel `M.V. SSL Ganga`
Shreyas Shipping & Logistics gains after selling one vessel `M.V. SSL Ganga`
Source: Accord Fintech
31/05/2023 4:09:43 PM
Delhivery makes key investment in omnichannel retail software provider Vinculum Fully-integrated logistics services provider Delhivery on Saturday announced to make a strategic investment in Vinculum, a global software leader enabling omnichannel retailing, for an undisclosed sum to boost its direct-to-consumer offerings. The investment, said the company, is the first part of a potential two-stage deal that provides Delhivery the option to further increase its shareholding in the company after six months. "A strategic partnership with Vinculum strengthens Delh...
Delhivery makes key investment in omnichannel retail software provider Vinculum
Delhivery makes key investment in omnichannel retail software provider Vinculum
Source: IANS
20/05/2023 4:52:39 PM
Delhivery reports Rs 1,860 cr revenue in Q4, loss widens to Rs 159 cr YoY Fully-integrated logistics service provider Delhivery on Friday reported Rs 1,860 crore in revenue in the quarter that ended March 31, with consolidated net loss widening to Rs 159 crore (year-on-year), from Rs 120 crore loss in the March quarter last year. However, on quarterly terms, its loss after tax narrowed from Rs 196 crore in Q3 FY23. On a yearly basis, the revenue dropped 10 per cent to Rs 1,860 crore from Rs 2072 crore in the same quarter a year ago. Adjusted EBITDA turned ...
Delhivery reports Rs 1,860 cr revenue in Q4, loss widens to Rs 159 cr YoY
Delhivery reports Rs 1,860 cr revenue in Q4, loss widens to Rs 159 cr YoY
Source: IANS
20/05/2023 9:20:16 AM
Jet Freight Logistics rises on acquiring 51% stake in Vank Global Services Jet Freight Logistics is currently trading at Rs. 10.79, up by 0.20 points or 1.89% from its previous closing of Rs. 10.59 on the BSE. The scrip opened at Rs. 10.59 and has touched a high and low of Rs. 10.89 and Rs. 10.59 respectively. So far 7014 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 31.36 on 19-May-2022 and a 52 week low of Rs. 10.37 on 10-May-2023. Last one week high and low of the scrip stood at R...
Jet Freight Logistics rises on acquiring 51% stake in Vank Global Services
Jet Freight Logistics rises on acquiring 51% stake in Vank Global Services
Source: Accord Fintech
16/05/2023 12:26:34 PM
India eyes green hydrogen bunkering at major ports by 2035 India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the drive to cut its carbon footprint, the shipping ministry said in guidelines issued on Wednesday. One of the world's biggest emitters of greenhouse gases, India aims to cut emissions to net zero by 2070, and the shipping minister said three of its ports would initially have bunker facilities for green hydrogen and ammonia. "Our target is to cover all 12 major pa...
India eyes green hydrogen bunkering at major ports by 2035
India eyes green hydrogen bunkering at major ports by 2035
Source: Reuters
10/05/2023 4:40:07 PM
Adani Ports surges on entering into share purchase agreement with Solar Energy Adani Ports and Special Economic Zone is currently trading at Rs. 686.30, up by 6.70 points or 0.99% from its previous closing of Rs. 679.60 on the BSE. The scrip opened at Rs. 682.60 and has touched a high and low of Rs. 693.40 and Rs. 677.45 respectively. So far 192921 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and lo...
Adani Ports surges on entering into share purchase agreement with Solar Energy
Adani Ports surges on entering into share purchase agreement with Solar Energy
Source: Accord Fintech
5/05/2023 3:53:00 PM
Nitin Gadkari bats for public transport, says road traffic generates 40% air pollution Making a strong case for improving and promoting the use of public transport, Union Minister for Highways Nitin Gadkari said that road transport alone is responsible for 40 per cent of the air pollution in India, here on Thursday. Addressing the 11th Biennial International Conference on Ports, Shipping and Logistics, Gadkari said that the government is implementing various measures to promote public transport as ecology and environment are the 'highest priority'. He referred to ...
Nitin Gadkari bats for public transport, says road traffic generates 40% air pollution
Nitin Gadkari bats for public transport, says road traffic generates 40% air pollution
Source: IANS
14/04/2023 8:50:00 AM
Adani Ports gains on handling cargo volume of 32 MMT in March 2023 Adani Ports and Special Economic Zone is currently trading at Rs. 628.60, up by 0.85 points or 0.14 % from its previous closing of Rs. 627.75 on the BSE. The scrip opened at Rs. 625.80 and has touched a high and low of Rs. 639.55 and Rs. 625.25 respectively. So far 115083 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and l...
Adani Ports gains on handling cargo volume of 32 MMT in March 2023
Adani Ports gains on handling cargo volume of 32 MMT in March 2023
Source: Accord Fintech
5/04/2023 11:41:39 AM
Shreyas Shipping & Logistics jumps on taking delivery of container vessel Shreyas Shipping & Logistics is currently trading at Rs. 238.05, up by 1.90 points or 0.80 % from its previous closing of Rs. 236.15 on the BSE. The scrip opened at Rs. 239.20 and has touched a high and low of Rs. 241.75 and Rs. 234.50 respectively. So far 1109 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.45 on 21-Apr-2022 and a 52 week low of Rs. 228.00 on 20-Mar-2023. Last one week high and low of ...
Shreyas Shipping & Logistics jumps on taking delivery of container vessel
Shreyas Shipping & Logistics jumps on taking delivery of container vessel
Source: Accord Fintech
24/03/2023 2:32:11 PM
Great Eastern Shipping climbs after its arm takes delivery of anchor handling tug cum supply vessel Great Eastern Shipping Company is currently trading at Rs. 620.35, up by 12.90 points or 2.12% from its previous closing of Rs. 607.45 on the BSE. The scrip opened at Rs. 602.20 and has touched a high and low of Rs. 626.15 and Rs. 602.20 respectively. So far 25441 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 748.45 on 21-Dec-2022 and a 52 week low of Rs. 316.85 on 09-Mar-2022. Last one week high and low of t...
Great Eastern Shipping climbs after its arm takes delivery of anchor handling tug cum supply vessel
Great Eastern Shipping climbs after its arm takes delivery of anchor handling tug cum supply vessel
Source: Accord Fintech
9/03/2023 3:37:04 PM
Adani Ports rises as its arm incorporates wholly owned subsidiary Adani Ports and Special Economic Zone is currently trading at Rs. 564.90, up by 2.90 points or 0.52% from its previous closing of Rs. 562.00 on the BSE. The scrip opened at Rs. 562.05 and has touched a high and low of Rs. 573.80 and Rs. 552.00 respectively. So far 258864 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and lo...
Adani Ports rises as its arm incorporates wholly owned subsidiary
Adani Ports rises as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
28/02/2023 10:48:15 AM
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities Earnings outlook nebulous We attended the analyst meet organised by Garden Reach Shipbuilders & Engineers’ (GRSE) to discuss its Q3FY23 performance and outlook. Key highlights: 1) Management sees benefits from the ongoing fleet expansion drive in defence; 2) EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding; 3) Orderbook is expected to rise to Rs250bn by FY23-end (from Rs222.4bn at Dec’22 end); and 4) by FY27, the current...
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities
Source: ICICI Securities
24/02/2023 2:46:51 PM
Seacoast Shipping Services soars on signing business contract with Maria Shipping in Dubai Seacoast Shipping Services is currently trading at Rs. 3.56, up by 0.15 points or 4.40% from its previous closing of Rs. 3.41 on the BSE. The scrip opened at Rs. 3.44 and has touched a high and low of Rs. 3.66 and Rs. 3.35 respectively. So far 7068819 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.75 on 18-Feb-2022 and a 52 week low of Rs. 2.05 on 29-Jul-2022. Last one week high and low of the scrip stood at...
Seacoast Shipping Services soars on signing business contract with Maria Shipping in Dubai
Seacoast Shipping Services soars on signing business contract with Maria Shipping in Dubai
Source: Accord Fintech
20/02/2023 3:57:27 PM
Shreyas Shipping and Logistics gains on signing MOA to acquire container vessel Shreyas Shipping and Logistics is currently trading at Rs. 261.25, up by 3.85 points or 1.50% from its previous closing of Rs. 257.40 on the BSE. The scrip opened at Rs. 260.60 and has touched a high and low of Rs. 265.00 and Rs. 255.60 respectively. So far 3822 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.45 on 21-Apr-2022 and a 52 week low of Rs. 253.00 on 14-Feb-2023. Last one week high and low of the...
Shreyas Shipping and Logistics gains on signing MOA to acquire container vessel
Shreyas Shipping and Logistics gains on signing MOA to acquire container vessel
Source: Accord Fintech
16/02/2023 12:12:28 PM
Adani Ports and Special Economic Zone shines despite reporting 13% fall in Q3 consolidated net profit Adani Ports and Special Economic Zone is currently trading at Rs. 594.95, up by 41.65 points or 7.53% from its previous closing of Rs. 553.30 on the BSE. The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 597.00 and Rs. 564.25 respectively. So far 1661641 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and ...
Adani Ports and Special Economic Zone shines despite reporting 13% fall in Q3 consolidated net profit
Adani Ports and Special Economic Zone shines despite reporting 13% fall in Q3 consolidated net profit
Source: Accord Fintech
8/02/2023 12:19:53 PM
India's Adani Ports says Q3 profit drops; to cut capex, repay debt next year  Adani Ports and Special Economic Zone Ltd, part of the embattled Adani Group, posted a lower quarterly profit on Tuesday as forex losses soared, and said it would pay back about 13% of its outstanding debt next fiscal and halve its capital expenses. The company, India's largest private port operator, is one of several Adani group companies caught in the eye of a storm since Jan. 24 when U.S.-based short-seller Hindenburg Research raised concerns on the conglomerate's debt lev...
India's Adani Ports says Q3 profit drops; to cut capex, repay debt next year
India's Adani Ports says Q3 profit drops; to cut capex, repay debt next year
Source: Reuters
7/02/2023 2:47:36 PM
Delhivery gains on partnering with eSamudaay Delhivery is currently trading at Rs. 319.50, up by 2.00 points or 0.63% from its previous closing of Rs. 317.50 on the BSE. The scrip opened at Rs. 317.00 and has touched a high and low of Rs. 320.65 and Rs. 314.30 respectively. So far 31154 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 708.45 on 21-Jul-2022 and a 52 week low of Rs. 291.00 on 27-Jan-2023. Last one week high and low of the scrip stood at Rs. 3...
Delhivery gains on partnering with eSamudaay
Delhivery gains on partnering with eSamudaay
Source: Accord Fintech
7/02/2023 11:20:12 AM
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative GRSE signs landmark MoU for Production of Marine Engines under 'Make in India' Initiative In a major step aimed towards bolstering the 'Make in India' initiative, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany for manufacture of high quality marine diesel engines. The MoU was signed on January 27, 2023 by Cmde. PR Hari, IN (Retd), CMD, GRSE and Shri GS Selwyn, MD, MTU India in the august pr...
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
Source: PR Agency
28/01/2023 5:18:48 PM
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions Below is quote on Budget 2023 expectation by Logisitcs Sector from Mr. Anshuman Singh, MD & Chairman, Stellar Value Chain Solutions "Logistics industry is the key growth engine of the economy, as a result, logistics infrastructure development has been given a major impetus by the government. Clearly the government recognises the logistics industry's role in fast tracking the economic growth by aiding industries in their growth trajectory post the pandemic. Launch of ...
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions
Source: PR Agency
28/01/2023 10:01:10 AM
Buy Gateway Distriparks Ltd For Target Rs.97 - Centrum Broking Ltd Weak volumes but market position sustained Gateway Distriparks’ (GDL) Q3FY23 PAT at Rs548m missed estimate of Rs606m (consensus: Rs544m) due to lower EXIM volumes. Total volumes declined 12.5% YoY to 168k TEUs (EXIM/CFS down 8%/16% YoY to 79k/90k TEUs). EXIM volumes were impacted due to 15%+ decline in exports and operational constraints due to fog and ongoing track-works (completed now). GDL has added ICDs in Jaipur (greenfield) and Kashipur to its portfolio and targets to add 2 mor...
Buy Gateway Distriparks Ltd For Target Rs.97 - Centrum Broking Ltd
Buy Gateway Distriparks Ltd For Target Rs.97 - Centrum Broking Ltd
Source: Centrum Broking
26/01/2023 9:49:24 AM
Logistics Sector : Logistics activity remains healthy in December 22 By Motilal Oswal Financial Services Ltd Logistics activity remains healthy in December 22… …freight rates stay elevated amid robust demand * Logistics activity improved in Dec’22, with daily average e-way bill generations rising ~1% MoM. The fleet utilization level stood at 80-85% during the month. Daily average FASTag toll collections jumped ~3% MoM in Dec’22. * EXIM container volumes handled by Indian Railways increased ~6% YoY, with the market share of Indian Railways in EXIM containers rising...
Logistics Sector : Logistics activity remains healthy in December 22 By Motilal Oswal Financial Services Ltd
Logistics Sector : Logistics activity remains healthy in December 22 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd.
11/01/2023 2:01:22 PM
Allcargo Logistics jumps after its arm inks pact to acquire 100% stake in Asiapac Equity Investment Allcargo Logistics is currently trading at Rs. 409.30, up by 6.50 points or 1.61% from its previous closing of Rs. 402.80 on the BSE. The scrip opened at Rs. 406.90 and has touched a high and low of Rs. 417.00 and Rs. 406.00 respectively. So far 20589 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. 249.50 on 20-Jun-2022. Last one week high and low of the scrip stood...
Allcargo Logistics jumps after its arm inks pact to acquire 100% stake in Asiapac Equity Investment
Allcargo Logistics jumps after its arm inks pact to acquire 100% stake in Asiapac Equity Investment
Source: Accord Fintech
4/01/2023 1:59:18 PM
VRL Logistics jumps on executing business transfer agreement with Vijayanand Travels VRL Logistics is currently trading at Rs. 542.90, up by 11.65 points or 2.19% from its previous closing of Rs. 531.25 on the BSE. The scrip opened at Rs. 539.95 and has touched a high and low of Rs. 549.00 and Rs. 531.00 respectively. So far 6316 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 20-Jul-2022 and a 52 week low of Rs. 398.15 on 07-Mar-2022. Last one week high and low of the scrip stood at ...
VRL Logistics jumps on executing business transfer agreement with Vijayanand Travels
VRL Logistics jumps on executing business transfer agreement with Vijayanand Travels
Source: Accord Fintech
30/12/2022 3:38:47 PM
Buy VRL Logistics Ltd For Target Rs.730 - Motilal Oswal Financial Services Weakness in Bus segment drags overall margins New branch additions to drive volumes * VRL Logistics (VRL)’s revenue grew 15% YoY to ~INR7.3b (flat QoQ, in line with our estimates) led by 14% YoY growth in Good Transport (GT) business. * EBITDA margin stood at 13.6% (-420bp YoY,-240bp QoQ) v/s our estimate of 16.7%. EBITDA margin was severely impacted by a sharp drop in profitability in the Bus segment (5% margin in 2QFY23 v/s 20% in 1Q). Bus segment’s margins were hurt pr...
Buy VRL Logistics Ltd For Target Rs.730 - Motilal Oswal Financial Services
Buy VRL Logistics Ltd For Target Rs.730 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/12/2022 2:57:09 PM
Jet Freight Logistics surges on expanding wings to new regions in country Jet Freight Logistics is currently trading at Rs. 20.95, up by 0.05 points or 0.24% from its previous closing of Rs. 20.90 on the BSE. The scrip opened at Rs. 21.95 and has touched a high and low of Rs. 21.95 and Rs. 20.30 respectively. So far 1395 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 47.18 on 24-Jan-2022 and a 52 week low of Rs. 18.60 on 26-Aug-2022. Last one week high and low of the scrip stood at R...
Jet Freight Logistics surges on expanding wings to new regions in country
Jet Freight Logistics surges on expanding wings to new regions in country
Source: Accord Fintech
20/12/2022 11:47:46 AM
Exclusive-India to offer incentives to boost shipbuilding industry India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation's manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting "infrastructure status" to the industry which would help with financing from banks, said the government officials. This could also include incentives to...
Exclusive-India to offer incentives to boost shipbuilding industry
Exclusive-India to offer incentives to boost shipbuilding industry
Source: Reuters
1/12/2022 4:51:09 PM
Huge investments coming to coastal region due to global investors meet: Karnataka CM Basavaraj Bommai Buoyed by the success of the recently concluded global investors meet, Karnataka is expecting investments of around Rs 2 lakh crore to make their way to coastal regions of the state. Renewable energy, hydrogen energy and production of ammonia from sea water, are areas that will receive a fillip, and a huge investment is expected in coastal districts, chief minister Basavaraj Bommai has said. The state had garnered a little under 10 lakh crore rupees worth investments in the 3-day event ...
Huge investments coming to coastal region due to global investors meet: Karnataka CM Basavaraj Bommai
Huge investments coming to coastal region due to global investors meet: Karnataka CM Basavaraj Bommai
Source: IANS
19/11/2022 4:38:43 PM
Logistics Sector : Activity softens in October 22 By Motilal Oswal Financial Services Ltd Activity softens in October 22… …while freight rates remain stable * Logistics activity moderated in Oct’22 with daily average e-way bill generations declining 11% MoM. The fleet utilization levels stood at 80-85% during the month. Daily average FASTag toll collections increased ~2% MoM in Oct’22. * EXIM Container volumes handled by Indian Railways increased ~4% YoY with market share of Indian railways in EXIM containers increasing to 36% as of Oct’22 ...
Logistics Sector : Activity softens in October 22 By Motilal Oswal Financial Services Ltd
Logistics Sector : Activity softens in October 22 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
16/11/2022 3:38:32 PM
JMB Group wins bid to manage Jawaharlal Nehru Port Authority`s Mumbai berth terminal for 30 years The Jawaharlal Nehru Port Authority (JNPA) has signed a concession agreement of 30 years with JM Baxi Ports & Logistics Ltd for the port's shallow water berth and new coastal berth terminals, an official said here on Tuesday. The deal was signed in the presence of JNPA Chairman Sanjay Sethi, Deputy Chairman U.S. Wagh, JMB Group Managing Director D.K. Kotak and other senior officials from both sides. Under this, the JMBPLL will upgrade, equip and maintain both terminals through t...
JMB Group wins bid to manage Jawaharlal Nehru Port Authority`s Mumbai berth terminal for 30 years
JMB Group wins bid to manage Jawaharlal Nehru Port Authority`s Mumbai berth terminal for 30 years
Source: IANS
16/11/2022 11:25:43 AM
Buy Gateway Distriparks Ltd For Target Rs.108 - Centrum Broking Ltd In?line performance; renewed thrust on expansions  Gateway  Distriparks’  (GDL) Q2FY23  PAT  at  Rs591m  was  above  estimate  of  Rs468m (consensus: Rs476m) aided by higher than expected margins and lower tax provision. Total volumes declined by 3% YoY to 183k TEUs. EBITDA margins at 26.7% (down 40bps YoY) was above estimate of 26% led by higher margins in both ICD and CFS segments. GDL has showed renewe...
Buy Gateway Distriparks Ltd For Target Rs.108 - Centrum Broking Ltd
Buy Gateway Distriparks Ltd For Target Rs.108 - Centrum Broking Ltd
Source: Centrum Broking
15/11/2022 11:24:56 AM
Stock of the week : Allcargo Logistics Ltd For Target Rs.528 - GEPL Capital Allcargo Logistics Limited is the global leader in LCL consolidation and India’s first and largest integrated logistics solutions provider, in the private sector. It creates services that are innovative and adaptable towards the supply chain needs. The company designs special logistics solutions for challenging projects at the most difficult and unreachable terrains, with the use of its high end expertise such as portable bridges, pontoon ferries Investment Rationale * Integrated ...
Stock of the week : Allcargo Logistics Ltd For Target Rs.528 - GEPL Capital
Stock of the week : Allcargo Logistics Ltd For Target Rs.528 - GEPL Capital
Source: GEPL Capital Ltd
14/11/2022 10:58:27 AM
Buy Transport Corporation of India Ltd For Target Rs. 920 - Anand Rathi Share and Stock Brokers * TCI reported good set of numbers for the quarter under review with revenue from operations increasing by 13.0% year-on-year to 9,321 million on a consolidated basis. The Freight division reported a revenue growth of 16.3% YoY driven by high volumes and stable freight rates; Supply Chain division reported a revenue growth of 27.0% YoY driven by growth in automobile transportation; Seaways division reported a decline in revenue growth due to slow demand amid monsoon, dry-docking & lower i...
Buy Transport Corporation of India Ltd For Target Rs. 920 - Anand Rathi Share and Stock Brokers
Buy Transport Corporation of India Ltd For Target Rs. 920 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
10/11/2022 2:17:20 PM
TCI Express surges on reporting 11% rise in Q2 net profit TCI Express is currently trading at Rs. 1922.45, up by 27.60 points or 1.46% from its previous closing of Rs. 1894.85 on the BSE. The scrip opened at Rs. 1920.20 and has touched a high and low of Rs. 1980.00 and Rs. 1912.80 respectively. So far 8231 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2570.00 on 23-Dec-2021 and a 52 week low of Rs. 1444.50 on 12-May-2022. Last one week high and low of the scrip stood...
TCI Express surges on reporting 11% rise in Q2 net profit
TCI Express surges on reporting 11% rise in Q2 net profit
Source: Accord Fintech
1/11/2022 2:27:47 PM
Gateway Distriparks inches up on signing share purchase agreement with KIFTPL Gateway Distriparks is currently trading at Rs. 72.85, up by 0.05 points or 0.07% from its previous closing of Rs. 72.80 on the BSE. The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 74.10 and Rs. 72.65 respectively. So far 21494 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.90 on 05-Apr-2022 and a 52 week low of Rs. 64.15 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Gateway Distriparks inches up on signing share purchase agreement with KIFTPL
Gateway Distriparks inches up on signing share purchase agreement with KIFTPL
Source: Accord Fintech
1/11/2022 11:25:31 AM
India e-logistics industry set to touch $9 bn with e-commerce boom India's e-logistics sector has become one of the largest and fastest growing logistics markets globally and is all set to reach the $9 billion industry, with a compound annual growth rate of 35 per cent, a report showed on Monday. The number of e-commerce logistics shipments is expected to grow by four times in the next five years. "Thanks to new-age tech enabled players who have entered India's logistics arena, it is now easier for small- and medium-sized businesses to tra...
India e-logistics industry set to touch $9 bn with e-commerce boom
India e-logistics industry set to touch $9 bn with e-commerce boom
Source: IANS
31/10/2022 11:53:01 AM
Lancer Container Lines shines on entering into MoU with African Peace and Security Union Lancer Containers Lines is currently trading at Rs. 399.00, up by 12.75 points or 3.30% from its previous closing of Rs. 386.25 on the BSE. The scrip opened at Rs. 400.15 and has touched a high and low of Rs. 410.00 and Rs. 400.00 respectively. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.00 on 14-Oct-2022 and a 52 week low of Rs. 118.10 on 25-Oct-2021. Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 350.50 respectivel...
Lancer Container Lines shines on entering into MoU with African Peace and Security Union
Lancer Container Lines shines on entering into MoU with African Peace and Security Union
Source: Accord Fintech
17/10/2022 9:57:21 AM
Shreeji Translogistics shines on adding UPS as new client in bonded trucking division Shreeji Translogistics is currently trading at Rs. 338.45, up by 12.40 points or 3.80% from its previous closing of Rs. 326.05 on the BSE. The scrip opened at Rs. 329.80 and has touched a high and low of Rs. 342.00 and Rs. 324.45 respectively. So far 7472 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 355.50 on 30-Sep-2022 and a 52 week low of Rs. 43.60 on 08-Oct-2021. Last one week high and low of the scrip s...
Shreeji Translogistics shines on adding UPS as new client in bonded trucking division
Shreeji Translogistics shines on adding UPS as new client in bonded trucking division
Source: Accord Fintech
10/10/2022 12:13:52 PM