The stock market is experiencing a lot of ups and downs. Today, the Sensex dropped by 478.41 points to 76,139.03, while the Nifty slipped by 117.70 points to 23,214.65 in early trading.
If you’re looking for a stock that has the potential to give high returns, this news could be useful for you.
Market analysts have identified Allcargo Logistics as a stock with strong growth potential. Currently, its shares are trading at Rs 29.
this news is for you. Market analysts suggest that Allcargo Logistics could be a great investment opportunity. Currently, its shares are trading at Rs 29.
Target Price and Growth Potential
According to a report by ET, stock market analysts are optimistic about Allcargo Logistics and recommend buying it. Experts predict that the stock price could rise to Rs 59, which is a 103% increase from the current price.
Three analysts have given it a ‘buy’ rating. The stock’s 52-week high was Rs 78.91, while its 52-week low was Rs 28.46. However, the stock has fallen 60% this year, dropping from Rs 77 to the current price.
52-week high price: Rs 78.91
52-week low price: Rs 28.46
Current price: Rs 29
Year-to-date decline: 60% (from Rs 77 to the current price)
About the Company
Allcargo Logistics Limited is a Mumbai-based company that provides multi-modal logistics and transportation services worldwide.
It operates in over 180 countries and has a market capitalization of Rs 2,966 crore.
