The company made this announcement before trading hours today, 27 June 2007.

Meanwhile, the BSE Sensex was down 622.38 points, or 4.32%, to 13,799.44 on weak cues from global markets. US stocks plunged on Thursday, 26 June 2008, with the Dow Jones Industrial Average sliding about 360 points to a 21-month low as oil hit a record and Goldman Sachs urged investors to sell bank and automaker shares, escalating concern about the outlook for profits.

On BSE, 4,670 shares were traded in the counter. The scrip had an average daily volume of 7,572 shares in the past one quarter.

The stock hit a high of Rs 800 and a low of Rs 751 so far during the day. The stock had a 52-week high of Rs 1094.95 on 3 July 2007 and a 52-week low of Rs 609.80 on 22 January 2008.

The mid-cap company had outperformed the market over the past one month till 26 June 2008, gaining 13.53% compared to the Sensex’s decline of 12.73%. It had also outperformed the market in the past one quarter, declining 4.22% compared to Sensex’s decline of 11.91%.

The company has an equity capital of Rs 20.26 crore. Face value per share is Rs 10.

The current price of Rs 780 discounts its Q1 March 2008 annualised EPS of Rs 32.20, by a PE multiple of 24.22.

In February 2008, Allcargo Global Logistics entered into a joint venture with Container Corporation of India to set up a container freight station and an inland container depot in Uttar Pradesh.

Allcargo Global Logistics’ net profit rose 26.7% to Rs 16.31 crore on 25.3% increase in net sales to Rs 95.92 crore in Q1 March 2008 over Q1 March 2007.

Allcargo provides logistics service in India. Its present operations are in five key areas of the logistics business: multi-modal transport operations, container freight stations, project cargo handling, airfreight and transport logistics.