Latest news with #AllcargoTerminals
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Business Standard
2 days ago
- Business
- Business Standard
Allcargo Terminals to raise ₹38.28 cr through convertible warrants issuance
"The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said Press Trust of India Mumbai Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group. The proposed fundraise, which will kickstart ATL's three-year expansion plans, will be utilised for building capacity and setting up new container freight stations (CFS) and inland container depots (ICDs), the company said. An Allcargo group firm, ATL, specializes in CFS and ICD with pan-India presence, serving diverse logistical requirements at strategic locations such as JNPT, Mundra, Chennai, and Kolkata. "The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025," Allcargo Terminals said. "As India's logistics sector undergoes structural transformation, ATL is well positioned to scale up operational capacity while remaining capital-efficient and growth-focussed, creating sustainable value for all stakeholders," said Shashi Kiran Shetty, Founder and Chairman, Allcargo Group. Each warrant has a face value of Rs 2 per share, will be issued at an issue price of Rs 29 per warrant with a premium of Rs 27 per warrant, subject to shareholder and regulatory approvals, it stated. This issuance accounts for approximately 5 per cent of ATL's post-conversion equity share capital and is priced at around 1 per cent premium to the SEBI-defined floor price, as per the company. ATL said its current capacity stands at 8.3-lakh TEUs annually across seven facilities in five hubs that handle approximately 80 per cent of India's EXIM trade. ATL plans to augment its capacity to over 13-lakh in the coming three years -- by expanding some of its key facilities and by developing new CFS/ICD facilities, the company said. This strategic move is in line with ATL's long-term growth roadmap and will support the company's multi-location infrastructure expansion at Mundra and Nhava Sheva, Greenfield ICD at Farukhnagar and infra upgrades at existing facilities, ATL said. Currently operating at 80-85 per cent capacity utilisation, the expansion plans will enable the company to cater to future demand and consolidate its leading position in key logistics corridors, the company said. "This expansion comes at a time when our core facilities are operating near full capacity. The proposed expansion in Mundra and Nhava Sheva, greenfield ICD at Farukhnagar and infra upgrades at existing facilities are aligned to strengthen our multimodal footprint," said Suresh Kumar R, Managing Director, Allcargo Terminals Ltd.
Mint
2 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 15 July 2025
Stocks to buy under ₹ 100: The downside momentum continued in the Indian stock market for the fourth consecutive session on Monday. The Nifty 50 index went off 67 points and closed at 25,082, the BSE Sensex ended 247 points lower at 82,253, while the Bank Nifty index finished marginally higher at 56,765. Meanwhile, the broader markets witnessed buying interest with Nifty Midcap100 and Smallcap100 indices rising by 0.7% and 1.0% each. Amongst sectors, Nifty Pharma gained 0.8% amid expectations of a favourable outcome in the US-India trade deal. On the other hand, Nifty IT lost 1.1% as TCS's weak Q1 earnings and cautious guidance sparked a broad sectoral sell-off. Speaking on the outlook of the Indian stock market, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect the market to remain in a consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements." On the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The short-term trend of Nifty continues to be weak, and there is a possibility of some more consolidation with range-bound action in the coming session. Crucial lower supports should be watched around 25000-24900, and there is a probability of an upside bounce from the lower supports. Immediate resistance should be watched at 25200." "The Bank Nifty index has been moving within a narrow range and has consolidated near the 56,800 zone with a positive bias, anticipating further positive developments. As mentioned earlier, the index would have the important and crucial support positioned near the 56,000 level which needs to be sustained as of now and at the same time, on the upside, it would need to breach above the resistance zone of 57,600 level and thereafter, expect for fresh higher targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher. Regarding stocks to buy today, market experts — Anshul Jain, Head of Research at Lakshmishree Investment; Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher; and Sugandha Sachdeva, Founder of SS WealthStreet, recommended these three intraday stocks for today under ₹ 100: Allcargo Terminals, South Indian Bank, Allcargo Logistics, and Lloyds Enterprises. 1] South Indian Bank: Buy at ₹ 30, Target ₹ 32, Stop Loss ₹ 29; and 2] Lloyds Enterprises: Buy at ₹ 88.80, Target ₹ 91.30, Stop Loss ₹ 87.80. 3] Allcargo Terminals: Buy at ₹ 29.90, Target ₹ 33, Stop Loss ₹ 29. 4] Allcargo Logistics: Buy at ₹ 33.30, Targets ₹ 35.50, ₹ 36.30, Stop Loss ₹ 32.40.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 15 July 2025
Stocks to buy under ₹ 100: The downside momentum continued in the Indian stock market for the fourth consecutive session on Monday. The Nifty 50 index went off 67 points and closed at 25,082, the BSE Sensex ended 247 points lower at 82,253, while the Bank Nifty index finished marginally higher at 56,765. Meanwhile, the broader markets witnessed buying interest with Nifty Midcap100 and Smallcap100 indices rising by 0.7% and 1.0% each. Amongst sectors, Nifty Pharma gained 0.8% amid expectations of a favourable outcome in the US-India trade deal. On the other hand, Nifty IT lost 1.1% as TCS's weak Q1 earnings and cautious guidance sparked a broad sectoral sell-off. Speaking on the outlook of the Indian stock market, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect the market to remain in a consolidation phase, awaiting updates on the India-US trade deal; while stock-specific action could be seen on the back of quarterly earnings announcements." On the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The short-term trend of Nifty continues to be weak, and there is a possibility of some more consolidation with range-bound action in the coming session. Crucial lower supports should be watched around 25000-24900, and there is a probability of an upside bounce from the lower supports. Immediate resistance should be watched at 25200." "The Bank Nifty index has been moving within a narrow range and has consolidated near the 56,800 zone with a positive bias, anticipating further positive developments. As mentioned earlier, the index would have the important and crucial support positioned near the 56,000 level which needs to be sustained as of now and at the same time, on the upside, it would need to breach above the resistance zone of 57,600 level and thereafter, expect for fresh higher targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher. Regarding stocks to buy today, market experts — Anshul Jain, Head of Research at Lakshmishree Investment and Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, recommended these three intraday stocks for today under ₹ 100: Allcargo Terminals, South Indian Bank, and Lloyds Enterprises. 1] South Indian Bank: Buy at ₹ 30, Target ₹ 32, Stop Loss ₹ 29; and 2] Lloyds Enterprises: Buy at ₹ 88.80, Target ₹ 91.30, Stop Loss ₹ 87.80. 3] Allcargo Terminals: Buy at ₹ 29.90, Target ₹ 33, Stop Loss ₹ 29. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 15 July 2025
Buy or sell stocks: The downside momentum continued in the Indian stock market for the fourth consecutive session on Monday. The Nifty 50 index went off 67 points and closed at 25,082, the BSE Sensex ended 247 points lower at 82,253, while the Bank Nifty index finished marginally higher at 56,765. Meanwhile, the broader markets witnessed buying interest with Nifty Midcap100 and Smallcap100 indices rising by 0.7% and 1.0% each. Amongst sectors, Nifty Pharma gained 0.8% amid expectations of a favourable outcome in the US-India trade deal. On the other hand, Nifty IT lost 1.1% as TCS's weak Q1 earnings and cautious guidance sparked a broad sectoral sell-off. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment has weakened as the Nifty 50 index has slipped further down towards its 50-DEMA support of 24,900. The Prabhudas Lilladher expert added that if it breaches below this crucial support, the key benchmark index may try to touch 24,650 levels. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index amid profit booking continue to slip further with bias gradually turning weak and is nearing the important 50-DEMA zone at 24,900, which is also the base of the ascending channel pattern on the daily chart which acts as an important and crucial support area which needs to be sustained as of now, to maintain the overall trend intact. We anticipate volatility to continue with the ongoing result season and, on the upside, as mentioned earlier, a decisive breach above the 25,650 zone is necessary to trigger fresh upward momentum in the coming days." "The Bank Nifty index has been moving within a narrow range and has consolidated near the 56,800 zone with a positive bias, anticipating further positive developments. As mentioned earlier, the index would have the important and crucial support positioned near the 56,000 level which needs to be sustained as of now and at the same time, on the upside, it would need to breach above the resistance zone of 57,600 level and thereafter, expect for fresh higher targets of 58,500 and 60,000 levels in the coming days," said Parekh. Parekh said that the immediate support for the Nifty 50 index is at 24,900, while the resistance is at 25,300. The Bank Nifty would have a daily range of 56,200-57,300. Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: Allcargo Terminals, Fortis Healthcare, and Piramal Pharma. 1] Allcargo Terminals: Buy at ₹ 29.90, Target ₹ 33, Stop Loss ₹ 29; 2] Fortis Healthcare: Buy at ₹ 786, Target ₹ 810, Stop Loss ₹ 770; and 3] Piramal Pharma: Buy at ₹ 208, Target ₹ 220, Stop Loss ₹ 200. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
6 days ago
- Business
- Business Upturn
Allcargo Terminals reports CFS volume of 48.7K TEUs in June 2025
By Aman Shukla Published on July 11, 2025, 16:18 IST Allcargo Terminals Limited has released its key business figures for the month ended June 2025, in compliance with SEBI's disclosure norms under the Listing Obligations and Insider Trading Regulations. According to a limited review by the company's management, Allcargo Terminals reported Container Freight Station (CFS) volumes of 48,700 TEUs (Twenty-foot Equivalent Units) in June 2025, slightly lower than the 51,000 TEUs handled in May 2025. The data was shared as part of the company's commitment to transparent and timely communication of material operational metrics. Allcargo Terminals continues to maintain its position as a key player in India's logistics and cargo infrastructure sector. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
