Allcargo Terminals share price jumped more than 7% in morning trade on the BSE on Wednesday, 23 September, boosted by its business update for the month of August. Allcargo Terminals shares opened at ₹25.49 against their previous close of ₹24.26 and surged as much as 7.1% to an intraday high of ₹25.99.
Allcargo Terminals August business update
In an exchange filing on 22 September, Allcargo Terminals said its total volumes in August rose 6% year-on-year and 5% month-on-month to 65,6000 TEUs (twenty-foot equivalent units).
In July, the company’s total volume was 62,700 TEUs, clocking a growth of 8% year-on-year and 13% month-on-month.
Allcargo Terminals share price trend
The stock is up about 22% over the last six months, as per the BSE data.
However, year-to-date, it is down 9%, compared to a 12% fall in the equity benchmark Sensex. Allcargo Terminals shares hit their 52-week high of ₹37.94 on 25 September last year, then fell to their 52-week low of ₹18.41 on 30 March this year.
(This is a developing story. Please check back for fresh updates.)
