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Allcargo Terminals Shares Rise 7% After August Update
Allcargo Terminals runs a business that handles cargo containers.
The company said it moved more containers in August than in the previous year and month.
Its total August volume was reported as 65,6000 TEUs.
This update encouraged investors to buy the company’s shares.
The shares rose more than 7% during trading on 23 September.
They reached ₹25.99 during the day.
The stock is up about 22% over six months.
However, it is still down 9% since the start of the year.
Its performance has been mixed compared with the broader Sensex index.
Allcargo Terminals shares rose more than 7% in morning trading on the BSE on 23 September.
The stock opened at ₹25.49, compared with its previous close of ₹24.26.
Shares reached an intraday high of ₹25.99, representing a 7.1% gain.
The company reported August total volumes of 65,6000 TEUs, up 6% year-on-year and 5% month-on-month.
The stock has gained about 22% in six months but remains down 9% year-to-date.
- Who
- Allcargo Terminals and its shareholders.
- What
- Allcargo Terminals shares rose more than 7% after the company reported higher August container volumes.
- Where
- On the BSE.
- When
- 23 September, following the company’s 22 September exchange filing.
- Why
- The rise followed an August business update showing total volumes increased year-on-year and month-on-month.
Key facts
- August total volume
- 65,6000 TEUs, as reported in the business update
- Year-on-year volume growth
- 6% in August
- Month-on-month volume growth
- 5% in August
- Opening share price
- ₹25.49 on 23 September
- Intraday high
- ₹25.99, up 7.1%
- Six-month performance
- Approximately 22% gain
- Year-to-date performance
- 9% decline
Sources
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