VRL Logistics signs agreement to purchase land for transhipment yard

India Infoline News Service | Mumbai | June 19, 2017 10:28 IST

VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP for the purchase of land and construction of transhipment yard at Surat, Gujarat at an estimated cost of around Rs 83 crore.

VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP for the purchase of land and construction of transhipment yard at Surat, Gujarat at an estimated cost of around Rs 83 crore.
 
VRL Logistics was trading higher by 3.2% at Rs 330.95 per share at 0950 hours IST on BSE. It hit a high of Rs 334.90 and a low of Rs 328.05 so far during the day.
 
The stock has delivered more than 10% returns in a period of one year. It has outperformed Nifty Services Sector Index and underperformed BSE Small-cap over the same period. Its closest peers include Allcargo Logistics and Navkar Corporation.
 
VRL Logistics Limited is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in the domestic transportation of goods.
 
Stock View:
 
VRL Logistics Ltd is currently trading at Rs 330, up by Rs 9.6 or 3% from its previous closing of Rs 320.4 on the BSE.
 
The scrip opened at Rs 328.05 and has touched a high and low of Rs 335 and Rs 328.05 respectively. So far 114762(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2923.44 crore.
 
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 377.5 on 21-Jul-2016 and a 52 week low of Rs 244.7 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 333 and Rs 315.3 respectively.
 
The promoters holding in the company stood at 69.57 % while Institutions and Non-Institutions held 18.7 % and 11.73 % respectively.
 
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.