Allcargo Gati’s shares exhibited a gain of nearly 1.7% at the opening of January following the logistics company’s report of a 7% year-on-year growth in volume for December.
As of 9:20 am, the stock was trading at Rs 132.6.
The company, in a regulatory filing on January 12 after market hours, revealed that the total volume, encompassing surface and air express, reached 105 kilo tonnes in December 2023. This signifies a notable 7% increase compared to the volume in December 2022. In the previous month, November 2023, volumes had already shown a commendable 6% uptick. The positive trajectory in volumes reflects the company’s sustained growth and resilience in the logistics sector.
