Sunday, June 1, 2008

Aegis Logistics speeds up on strong Q4 show

Aegis Logistics advanced 2.86% to Rs 249.75 at 11:58 IST on BSE after the company reported 74.90% jump in net profit to Rs 12.03 crore on 75.80% surge in net sales to Rs 115.14 crore in the Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 262 and a low of Rs 248.15 so far during the day. The stock had a 52-week high of Rs 404.40 on 31 December 2007 and 52-week low of Rs 126 on 20 November 2007.

The company’s current equity is Rs 19.94 crore. Face value per share is Rs 10.

The current price of Rs 249.75 discounts its Q4 March 2008 annualised EPS of Rs 24.17, by a PE multiple of 10.33.

Aegis Logistics is in the business of storing, handling and distributing oil products, chemicals and gas. It has a strong foothold in Mumbai, where it owns facilities for providing such services.

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