India's Allcargo Logistics at over 4-month high on supply chain demerger

Allcargo Logistics

22/12/2023 04:34

** Shares of Allcargo Logistics  ACLL.NS  up 7.1% at 305.15
rupees, their highest level since Aug. 10
    ** Allcargo group approved demerger of international supply
chain business into a separate entity
    ** Group unit Allcargo Gati  ALLA.NS  also up 4% in early
trade    
    ** ACLL sees most active day since Feb. 14,trading vols at
5x their 30-day avg as of 9:40 a.m. IST
    ** ACLL up ~3.5% YTD, while ALLA down ~1.6% 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))