Allcargo Logistics Ltd up by 11.19 percent: Market Update By Espresso

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Espresso Shot of the Day - Allcargo Logistics Ltd up by 11.19 percent

September 09, 2022
Espresso Shot of the Day - Allcargo Logistics Ltd up by 11.19 percent

ALLCARGO LOGISTICS LTD 381.65 (+11.19%) BSE – INE418H01029| 9th September 2022

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Allcargo Logistics Ltd. is a logistics company headquartered in India. Its services comprise global Multimodal Transport Operations (LCL, FCL, and air services), pan India CFS & ICD operations, Project Forwarding & Crane Rental, E-commerce logistics, Ship Owning and Contract logistics. With an extensive global network and through strategic international engagements, it operates across 164 countries through 301 offices. Allcargo Logistics is one of India's largest publicly listed logistics companies. With the acquisition of ECU Worldwide, it is one of the largest LCL service providers in the world. Led by the visionary Executive Chairman Mr. Shashi Kiran Shetty and managed by experienced professionals, Allcargo Logistics through its benchmarked quality standards, standardized processes, operational excellence, and world-class facilities, is a global market leader in integrated logistics.


Recent Driver

  • Allcargo Logistics, which acquired Swedish logistics firm Nordic last year, continues to explore more buyout opportunities in specific geographies, the company said. It will continue to evaluate opportunities, strategic acquisitions, which can help it further consolidate their market leadership," the company told on August 29, 2022.
  • On August 12, 2022,the company reported a Quarterly Net Profit at Rs.264.83 crores in June 2022, up 125.96% from Rs.117.20 crores in June 2021
  • On August 12, 2022,the company reported a Quarterly Net Sales at Rs. 5,674.89 crores in June 2022 up 64.53% from Rs. 3,449.25 crores in June 2021.
  • On August 5th 2022, Allcargo Group, an end-to-end logistics solutions provider, launched a Grade A warehouse facility at Hosur in Tamil Nadu. Spread over 1.10 lakh sq ft area, the warehousing facility has been deployed for managing consolidation and distribution service requirements of industrial and automotive supplier Schaeffler.
  • Allcargo appointed Kapil Mahajan as Global Chief Information & Technology Officer. A strategic leader, Mahajan has proven capabilities of leveraging new-age data-driven technologies to build future-ready organisations by successfully straddling innovation with operational execution, according to a company statement on July 20, 2022.
 (Sources: BSE, Moneycontrol,Economics time, Business Line)


Technical Force*

  • S&P Bse 500 month till date gain by 0.88%.
  • 3 months avg. NSE volume: 5,66,859
  • Quantity traded: 1,61,646| Deliverable Quantity: 49,965 (30.91%)
  • The stock price jumped by more than 70% from a one-year low level: 221.15 (September 1,2021)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 412.00 |52-week-low: 221.15


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

763.30

581.15

485.55

303.40

207.80

25.65

-

-

Fibonacci Pivot

581.15

475.05

409.50

367.28

303.40

239.52

197.30

131.75

25.65


Today’s Close

381.65

SMA

BSE

10 DAY

348.05

20 DAY

327.32

50 DAY

302.36

200 DAY

330.07


Some Key Ratios (Source: BSE)

Market Cap: 9,376.97crores

PE: 50.17

OPM%: 13.07

ROE%:  9.76

Promoters holding%: 69.92

Prev. Close:  343.25


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Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.