Aegis Logistics extends rise after India's LPG pipeline push seen to help firm

Aegis Logistics

20/04/2026 08:07

April 20 (Reuters) - ** Shares of Aegis Logistics AEGS.NS jump about 5% to 743 rupees

** AEGS rose as much as about 15% on Friday after petroleum regulator's notification on new LPG pipeline projects

** J.P.Morgan ("overweight", 1,010 rupees PT) says regulator has begun bidding for new projects, a medium-term positive for the oil and gas logistics co

** Adds, easing West Asia tensions and re-opening of Strait of Hormuz are key for investor confidence

AEGS rated "buy" on average by five analysts, median PT of 701 rupees - data compiled by LSEG

** YTD, AEGS up around 3.25%

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))