India's Allcargo Terminals jumps after Oct performance update

Allcargo Terminals

16/11/2023 10:17

** Shares of Allcargo Terminals  ALLC.NS  rise as much as
17% to all-time high of 52.75 rupees
    ** Co says its container freight station volumes surged 18%
for Oct Y-o-Y
    ** About 8.6 mln shares change hands, 3.6x 30-day avg
    ** ALLC, which operates container freight stations and
inland container depots, was demerged from Allcargo Logistics
 ACLL.NS  and listed in August, 2023
    ** Stock closes 12.5% higher at 50.9 rupees; up 12.3% since
listing

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))