Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 3 lakh, according to an analysis by ET Markets.
However, in the recent past, the returns have more or less stabilised. The stock is up 15% in the last one month and gained about 18% in the last six months.
Aegis Logistics, a BSE500 company, is a leading integrated oil, gas and chemical logistics company and one of India’s top importers and handlers of LPG amongst private players.
The company operates through its necklace of liquid and gas terminals across major ports of India having a storage capacity of 15,70,000 KL for Chemicals and POL and 1,14,000 MT of static capacity for LPG.
According to the shareholding pattern available with the exchanges, the company is majority owned by promoters at 58%, while public shareholders own the rest 41.9%.Among the public shareholders, mutual funds own about 5% and foreign investors have 17% stake in the company.In the recent December quarter, the company reported 10% drip in its revenues at Rs 1,873 crore, while profit after tax increased 7% to Rs 152 crore.
Technical outlook – What should investors do?
Technically, analysts suggest the stock is on an upward trend and the upside is likely to continue, given the good price and volume action last week.
At present, prices are retracing previous gains, and the fall is accompanied by lower volumes. The stock has good support at levels of Rs 429 and Rs 405. One can accumulate the stock at current levels or on a decline to Rs 410, with a stop loss of Rs 404. On the higher side, the stock may reach its previous high of Rs 471 to Rs 500 in a couple of weeks.
With data inputs from Ritesh Presswala
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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