Mukul Agrawal has taken exposure to this stock which touched a 52-week high in today’s trade
Allcargo Logistics is trading higher today in a positive market environment.
Mukul Agrawal is known for his aggressive investment strategy, taking high risk in penny stocks which has the potential to deliver multibagger returns. He is also famously known for keeping two separate portfolios- one for investing and one for trading.
For the quarter ending September 2022, he has taken exposure to 5 new stocks including Allcargo Logistics and PTC Industries. He publicly holds more than 50 stocks in his investment portfolio. He has new exposure of 1.3% in Allcargo Industries for the quarter ending September 2022.
All 5 stocks are trading positively today. While PTC Industries is locked in the upper circuit, Allcargo Logistics has touched a new 52-week high. PTC Industries is up because it has signed an agreement with BAE Systems to manufacture titanium castings for the Indian 155mm M777 Ultra-Lightweight Howitzer (ULH).
Allcargo Industries is India’s largest integrated logistics solutions provider in the private sector. The company is the World's No 1 LCL (Less than Container Load) consolidator in the express logistics Industry and is India's No 1 CFS Operator and offers access to 180 countries and door-to-door services in over 50 global markets with services across more than 2400 direct trade lanes.
For the quarter ending June 2022, the company reported more than 100% growth in consolidated profit after tax (PAT) to Rs 280 crore after. A year ago in the same quarter, the company posted a PAT of Rs 106 crore. The company’s consolidated revenue during the first quarter of FY23 rose 65% to Rs 5675 crore from Rs 3,449 crore in Q1 FY22.
The company's EBITDA too doubled to Rs 434 crore from Rs 217 crore in the year-ago period. There has been a sustained increase in revenues coming through the digital platform ECU360, which now accounts for over 60% of export bookings across all key markets.
The company is also looking to be among the top ten players in the global logistics space in the next 3 to 4 years.
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