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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. ....
Allcargo Logistics shares to trade ex bonus, AIK Pipes IPO listing in Top News on January 2: Share market, Bank Nifty outlook, Kay Cee Energy & Infra IPO to close, petrol, diesel price also in focus. ....
Allcargo Logistics had set January 2 as the record date to determine the shareholders eligibility for allotment of bonus shares in the proportion of 3:1 i.e. 3 new equity shares of face value of Rs 2 per share for every one existing equity share. ....
There are many facts about the logistics industry which might surprise many. Just to mention a few, a metal major has such a large fleet of owned trucks that the unit itself can be listed as a separate company and probably would figure in top 5 logistic companies. Second, in logistics, the major share is with the unorganized sector. Third right from a company which restructured its operations by selling some parts of business and then taking over another company to get into micro delivery space. To a company which increased its fleet size dramatically in the post covid era to cater to increased economic activity for auto and metal space. The whole logistics sector has seen a major shake up in the last few years. ....
Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly. ....