Allcargo Terminals saw an increase in its stock price, currently trading at Rs. 40.91, marking a gain of 0.69 points or 1.72% over its previous close of Rs. 40.22 on the BSE.

The stock opened at Rs. 40.26 and reached a high of Rs. 40.94 and a low of Rs. 40.15 during trading. A total of 19,811 shares have been traded so far.

With a face value of Rs. 2, this BSE group 'B' stock had a 52-week high of Rs. 82.50 on January 10, 2024, and a low of Rs. 37.84 on October 23, 2024. Over the last week, the scrip's high and low were Rs. 42.83 and Rs. 40.10, respectively. The company's market capitalization currently stands at Rs. 1,005.14 crore.

Promoters hold 67.52% of the company's shares, while institutional investors and other shareholders hold 6.84% and 25.64%, respectively.

In a recent development, Allcargo Terminals acquired 9.12 crore shares of Haryana Orbital Rail Corporation (HORCL) from its promoter group entity, Allcargo Logistics (ACL), on November 8, 2024, based on a Share Purchase Agreement signed on October 28, 2024.

This acquisition aligns with Allcargo Terminals' long-term strategic vision to expand its Inland Container Depot (ICD) facilities. The company aims to develop and operate a rail-connected ICD facility in Jhajjar, utilizing the Haryana Orbital Rail Corridor (HORC) to link with the Dedicated Freight Corridor (DFC). This DFC connection will provide a strategic advantage, fostering growth for the ICD.

Allcargo Terminals primarily operates in the Container Freight Stations (CFS) sector.