Mid Cap Logistics Stock Rallies 8.59% On New Dividend Update

Mid cap company operating in Logistics industry, Aegis Logistics Ltd shares gained 8.59% intraday today as the company considered, approved 2nd interim dividend of Rs 2 per share of the face value of Re 1/- each.

The last trading price of Aegis Logistics shares on BSE is Rs 425.50 apiece. Aegis Logistics shares gained 35.21% in last 3-months. The company has a market capitalisation of Rs 14,935.05 crore. Check details below:

Aegis Logistics Recommends 2nd Interim Dividend: As per the BSE filing of Aegis issued on Feb 15, 2024, "Board of Directors of the Company at their meeting held today i.e. February 15 , 2024, have considered and approved 2nd Interim Dividend of 200% i.e. Rs. 2 (Rupee Two) per equity share of face value of Re.1/- during the financial year 2023- 24 and has fixed Friday, February 23, 2024 as the Record Date for the purpose of payment of 2nd Interim Dividend. The 2nd Interim Dividend shall be paid on or before Friday, March 15, 2024."

Aegis Logistics Shares Performance & Return: The 52-week high price of Aegis Logistics shares on BSE is Rs 431.50 apiece and 52-week low price is Rs 280.00 apiece, respectively. Aegis Logistics shares rallied 12.08% in last 1-week, soared 17% in last 6-months, and offered return of 24% in last 1-year. In last 2-years, Aegis Logistics shares jumped 90% and soared 141% in last 5-years.

Aegis Logistics Quarterly Results: The company for the quarter ended December 2023 declared its net profit at Rs 107.76 crore, up 24.28% as compared to Rs 86.71 crore in the corresponding quarter of last year. The company announced its net sales at Rs 824.47 crore for the December 2023 quarter, down 5.95% as against Rs 876.59 crore in December 2022. The company's EBITDA declared at Rs 143.03 crore for December 2023 quarter, up 23.53% as against Rs 115.79 crore in December 2022. The company's EPS announced at Rs 3.07 for December 2023 period from Rs 2.47 in the preceding fiscal.

About: Aegis Logistics is India's leading integrated Oil, Gas & Chemical Logistics company and one of India's top Importers and Handlers of LPG amongst private players. The company operates through its state-of-the-art Necklace of Liquid & Gas terminals across major ports of India having a storage capacity of 15,70,000 KL for Chemicals & POL and 1,14,000 MT of static capacity for LPG. Aegis Group was founded in 1956 and is headquartered in Mumbai. As a dominant parallel marketer of Liquefied Petroleum Gas (LPG), Aegis has a robust presence in India, according to its official website.

Disclaimer: The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.