Allcargo Global Logistics was locked at 10% upper circuit at Rs 303.50 at 15:30 IST on BSE, snapping heavy losses recorded in the past six trading sessions.
The stock hit a high of Rs 303.50 and a low of Rs 285 so far during the day. The stock has a 52-week high of Rs 1050 on 9 November 2007 and a 52-week low of Rs 271.85 on 31 October 2008.
From Rs 718.90 on 22 October 2008, the stock had plunged 61.62% in just six trading sessions to Rs 275.95 on 31 October 2008. A decision of the board on 25 October 2008 to defer the sub-division of face value of equity shares due to uncertain market conditions, had accentuated the fall in the counter.
The company’s current equity is Rs 22.36 crore. Face value per share is Rs 10.
The current price of Rs 303.50 discounts the company’s Q3 September 2008 annualized EPS of Rs 46.51, by a PE multiple of 6.53.
Allcargo Global Logistics’ net profit surged 129.30% to Rs 26 crore on 76.7% increase in net sales to Rs 138.61 crore in Q3 September 2008 over Q3 September 2007. The company announced its Q3 September 2008 results after trading hours on 25 October 2008.
Allcargo provides logistics service in India. Its present operations are in five key areas of the logistics business: multi-modal transport operations, container freight stations, project cargo handling, airfreight and transport logistics.
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