Aegis Logistics staged a strong comeback on February 19, with its stock price surging nearly 19% from the previous close after four consecutive sessions of decline. The stock hit an intraday high of ₹789.85, significantly outperforming its sector amidst broader market volatility.
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The stock had previously touched a 52-week high of ₹1,037 on January 8, 2025, after a strong rally of 21% in just five days. However, it has since faced selling pressure, retracing from those levels.
Despite today’s rebound, Aegis Logistics continues to trade below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day levels, indicating potential long-term resistance. Over the past month, the stock has fallen 13.87%, while the Sensex has seen a decline of 0.81%.
The sharp rebound follows the company’s latest financial results announced last week. In Q3 FY25, Aegis Logistics posted a 5% year-on-year (YoY) rise in profit after tax (PAT), while revenue declined 9% YoY.
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The company also reported record earnings in its liquids and gas logistics divisions, with the highest-ever EBITDA recorded for a nine-month period.
Additionally, Aegis Logistics has expanded its operations, acquiring 30 acres of port land at JNPA and 7 acres at Kandla through its subsidiary. It has also filed a Draft Red Herring Prospectus (DRHP) for an IPO of Aegis Vopak Terminals Ltd (AVTL).
At 2:55 pm, shares of Aegis Logistics were trading 15.9% higher at ₹769.25 on the BSE.
