India's Aegis Logistics extends gains on quarterly profit rise

Aegis Logistics

24/05/2024 09:07

** Shares of Aegis Logistics  AEGS.NS  rise as much as 8.7%
before trimming some gains, last up 3.36% up 650.6 rupees
    ** The oil, gas and chemical logistics co's March-qtr consol
net profit surged 39% y/y as total expenses fell ~21% 
    ** Stock was up 2.9% ahead of results 
    ** Analysts' avg rating on stock is "buy", median PT is 450
rupees - a ~29% discount on last close - per LSEG data 
    ** Including session's gains, stock up ~84% YTD 


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))