In Tuesday’s intraday session, Allcargo Logistics’ shares rose 11.59 percent to Rs 68.65 per share on the BSE. This followed the company’s Monday announcement of its monthly business figures.
The company’s Less than Container Load (LCL) volume reached 818,000 cubic metres in July 2024, which is equal to the highest-ever monthly recorded in August 2022. This marks a 6% increase over the previous month and a 5% increase over July 2023.
The firm credited its steady volume rise to improved global trade and growth activities, with the hope that momentum will continue throughout the year.
The company stated that freight prices are expected to stay high until the end of peak season, owing to increasing volumes in important regions such as the United States, Latin America, Europe, Asia Pacific and the Middle East.
As of 1:53 pm, Allcargo Logistics shares were trading 8.73% higher at Rs 66.87 on the NSE.
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