India's AVG Logistics hits record high after $18 mln contract win

AVG Logistics

05/12/2023 09:35

** Shares of AVG Logistics  AVGL.NS  up as much as 9.2% to a
record 348.95 rupees
    ** Stock set to log sharpest intraday gain since Nov. 21 if
trends hold
    ** Logistics business co said it bagged a contract valued at
1.50 billion rupees ($18 million) from Indian Railways
    ** Contract for lease of Parcel Cargo Express Train for over
6 years 
    ** About 720,000 shares change hands, 10.4x the 30-day
average 
    ** Stock up over 180% YTD


($1 = 83.3788 Indian rupees)

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