India's Aegis Vopak Terminals rises after Jefferies upgrades to 'buy'

Aegis Vopak Terminals

10/06/2026 05:56

** Petroleum & chemical storage terminals operator Aegis Vopak Terminals AEGI.NS shares rise 4.7% to 200.7 rupees, extending gains to a second-straight session
** Jefferies raises rating to "buy" from "hold", lowers PT to 240 rupees, a 25.2% upside to stock's last close 
** Says stock has corrected 16% vs NIFTY's 8% since Middle East tensions began, given 52% revenue mix from LPG
** Says LPG imports could normalize once Middle East tensions ease
** "We believe AVTL is also well-placed to capture storage-led growth as the government plans to build an LPG storage reserve to cover 30 days of demand," - Jefferies
** Brokerage estimates 4.7% CAGR in LPG demand over FY26-30, driving 5.3% CAGR in imports
** YTD, AEGI down 19.2% vs 6% decline in Nifty 500 Index .NIFTY500

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))