Small Cap Logistics Co Bags Contract From Indian Railways, Shares Rally 40% In 6-Months

Small cap logistics solution provider AVG Logistics Ltd shares gained 0.89% in trade today after the company informed in an exchange filing about bagging a contract from Indian Railways for operations of Leased Parcel Express Train.

Last trading price of AVG Logistics share on BSE is Rs 322.75 per share. AVG Logistics shares soared 40% in last 6-months. Check details below:

AVG Logistics Bags Contract From Indian Railways: According to the BSE filing of the company dated December 5, 2023, "AVG Logistics Limited has secured a contract, valued at ~INR 150 Cr over 6 years, for lease of Parcel Cargo Express Train (PCET) from the Indian Railways. This special train, connecting Bangaloreto Ludhiana (Punjab), will complete one round trip every week over the next 6 years, totalling 313 trips. The Express Service will cover the distance in ~72 hours ensuring expeditious, seamless connectivity between the important locations. Ludhiana is an invaluable addition to our railway network, opening doors to agigantic textile market -largest hosiery manufacturing, cotton textiles, cycle manufacturing amongst others."

Commenting on the order, Mr. Sanjay Gupta, Managing Director & CEO, AVG Logistics Limited, said, "This initiative marks a significant partnership with Indian Railways and underscores our commitment to provide efficient end to end cargo transportation services. I am delighted to inform you all that this takes us a step closer to our sustainability goals, adding to the share of green logistics in our revenue portfolio. Earning revenue of ~INR 150 crores through this contract will not only boost our revenue but also fuel our motivation to undertake many more such ambitious projects and elevate our financial performance.

AVG Logistics Stock Outlook & Return: Last trading price of AVG Logistics share on BSE is Rs 320.20 per share. Its 52-week high price is Rs 337.00 per share and 52-week low price is Rs 185.20 per share, respectively. The company has a market capitalisation of Rs 377.04 crore. AVG Logistics shares gained 18% in last 1-months, soared 27% in last 3-months, and offered return of 40% in last 6-months.

About: AVG Logistics Limited ('AVG Logistics' or 'The Company') is a leading multimodal logistics solutions provider based in India. Founded in 2010, the Company has rapidly grown to become a trusted partner for businesses across India. With a team of dedicated logistics experts and a modern fleet, AVG Logistics provides customized and technology-driven solutions across transportation, warehousing, distribution, and supply chain management. Furthermore, the Company also offers Third-Party Logistics Services (3PL), effectively complementing its wide range of logistics solutions.

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