Logistics Stock Hits New 52-Week High After Declaring Robust Q4, Re 1 Dividend

Small cap stock operating in Logistics sector, AVG Logistics traded new 52-week high on Tuesday after the company reported robust Q4 results. AVG Logistics share last trading price is Rs 224.90 apiece. Despite hitting the new 52-week high, the stock ended with a decline of 2.87% intraday. AVG Logistics share delivered return of 219% in last 1-year. Check details below:

AVG Logistics shares hit new 52-week high: The last trading price of AVG Logistics is Rs 224.90 apiece. Its 52-week high price is Rs 236.85 apiece and 52-week low price is Rs 185.20 per share, respectively. It has a market capitalisation of Rs 263.94 crore. It soared 28% in last 3-months. In last 1-year, it soared 219% and 562% in last 3-years.

AVG Logistics declared dividend: According to the BSE filing of the company, "Recommended a final dividend @ Re 1/- per share for financial year ended the March 31, 2023. The payment is subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company. Any further information in this regard including Book closure/record date will be intimated in due course."

AVG Logistics Q4: The company announced its profit after tax (PAT) at Rs 8.33 crore for FY23. It declared EBITDA at Rs 77.74 crore and total revenue at Rs 429.90 crore for FY 23.

About: AVG Logistics is a leading logistics company, which has embedded itself as the leader in the logistics market of India. It specializes in two of the most important functions of logistics, Transportation and Warehousing. With over 50 fully computerized branches all over India, AVG Logistics Limited has a large customer base from different sectors of India. Some of the renowned brands are its esteemed clients, like Nestle, ITC, Mondelez, GSK, Amara Raja, Airtel, MRF, Mother Dairy, UltraTech Cement, Coca Cola, IGNOU, Patanjali, etc, according it its official website.