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Allcargo Logistics shares jump 14%; can stock revisit all-time high level?

Allcargo Logistics share price: The stock surged 13.85 per cent to hit a day high of Rs 85.40 in Tuesday's trade. At today's high price, the scrip was down 12.59 per cent from its record high value of Rs 97.70, a level seen earlier this year on January 2 when it traded ex-bonus in a 3:1 ratio.
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allcargo logistics demerger announcement: ET Exclusive: Allcargo Logistics announces demerger of ECU Worldwide into separate listed entity

The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%. ....

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