Shares of companies in the logistics sector were trading mixed ahead of the Goods and Services Tax (GST) Bill that is likely to be tabled in Rajya Sabha on Wednesday. Most these stocks have partially erased early losses on the Bombay Stock Exchange (BSE).
Logistics companies' stocks have rallied this month in an otherwise declining market, on hope that a consensus can be reached between the government and opposition parties for passage of the Goods and Services Tax (GST) legislation in the Rajya Sabha
The board of directors of Allcargo Logistics at its meeting held on November 05, 2015, had approved issue of one equity share of Rs 2 each fully paid as bonus share for every equity share of Rs 2 each fully paid held in the company.
Shares of logistic companies are trading higher for a second straight day on the bourses on reports that the government on Thursday exuded confidence of having the Goods and Services Tax (GST) Bill passed, with several Opposition parties coming out in
Logistics major Allcargo Logistics posted 53 per cent rise in its consolidated net profit at Rs 75.1 crore for the quarter ended June 30, 2015 as against Rs 49 crore reported in the same period last year.
Logistics company Allcargo Logistics Ltd has posted almost a five fold jump in its consolidated net profit at Rs 55.5 crore for the quarter ended March 31, 2015 as against Rs 11.5 crore in the same period last year.
Logistics major Allcargo Logistics reported a 26 per cent rise in its consolidated net profit at Rs 71.8 crore for the quarter ended December 31, 2014 as compared to Rs 57 crore in the corresponding quarter last year.
Allcargo Logistics has surged 11% to Rs 342, extending its Friday’s 7% rally on the BSE, after reporting robust 51% year on year (yoy) jump in consolidated net profit at Rs 63.6 crore for the quarter ended September 30, 2014 (Q2).
Allcargo Logistics is trading higher by 3% to Rs 268, extending its previous day’s 10% rally, after the overseas investor has bought nearly 2 per centage points stake in the company for Rs 61 crore though open market.