Allcargo group company acquires two land parcels in Gurgaon for Rs 231 crore
The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.
ALLCARGO | 12-22% target | Swing for NSE:ALLCARGO by Munish_Jain
Incorporated in 1993, Allcargo Logistics provides integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering solutions
72% of Nifty stocks nearing or in overbought zone: Anand James
About 72% of Nifty50 stocks are either nearing or in the overbought region, with IT, Auto and Banks being the top 3 sectors by weightage in Nifty that are overbought. However, overbought signals seldom signal a reversal in a trending market, as much as they do in a sideways market.
Allcargo Logistics gains 5% even after Jefferies slashes target price
The brokerage firm, which retained 'bu' call, noted that the management is focussed on cementing its leadership position in the global Less than-Container-Load (LCL) market and further gaining market share.