All-rounder On Profits: Allcargo Logistics Soars With 268% Returns In 3 Years
Three years ago an investment of ₹1 lakh in November 2020, could have soared to ₹3.68 lakhs today. Investors at AllCargo enjoy 268% returns on this multibagger. A quick glance at the company’s accomplishments.
🚛 Stock Name: Allcargo Logistics Ltd.
🚛 NSE: $ALLCARGO
⭐ About The Company
Founded on 18th August 1993, Allcargo Logistics was founded by Shashi Kiran Shetty as a shipping agency, as part of the Aishwarya Group. The company provided freight and custom house services. Currently, the company is an integrated logistics service provider which specialises in transportation, freight and project management. The company is headquartered in Mumbai and is the leading firm delivering engineering and logistics solutions. Currently, the company is the largest supplier of container freight stations and inland container depots. It is a predominant player in supply chain management.
Allcargo caters to firms and individuals across various industries, namely:
🌍 Global Presence
It has a presence in 735 out of 739 districts, with around 70 warehouse locations across India. The company has a presence in more than 160 countries with over 300 registered offices. The company reported a profit of ₹98 crores for the September quarter.
💰 Stock Value
💵 On November 16, 2020, the shares of the company were trading at ₹127, while they were priced at ₹468 as of November 15, 2022.