Trending stocks: Allcargo Logistics shares gain nearly 2%

NEW DELHI: Shares of Allcargo Logistics Ltd. traded 1.63 per cent up in Monday's trade at 10:39AM (IST). Around 5,679 shares changed hands on the counter.

The counter opened at Rs 82.0 and touched an intraday high and low of Rs 84.0 and Rs 80.4, respectively, in the session so far. The stock of Allcargo Logistics Ltd. quoted a 52-week high of Rs 122.7 and a 52-week low of Rs 51.5.

Total market cap of the Allcargo Logistics Ltd. stood at Rs 1990.13 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1786.83 crore for the quarter ended 31-Dec-2019, down 4.61 per cent from previous quarter's Rs 1873.16 crore and down 0.94 per cent from the year-ago quarter's Rs 1803.79 crore.

The net profit for latest quarter stood at Rs 43.92 crore, down 7.98 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 3.64 per cent stake in the firm, while foreign institutional investors held 13.03 per cent and the promoters 70.01 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 7.95 and a price-to-book ratio of 0.99. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Allcargo Logistics Ltd. belongs to the Warehousing/Supply Chain/Road Transport industry.