The stock was almost unchanged at Rs 350.20 in a weak market on Tuesday, 23 November 2010, after the company made this announcement at the fag end of the trading hours.

Meanwhile, the BSE Sensex was up 96.54 points, or 0.49%, to 19,788.38.

On BSE, 2.03 lakh shares were traded in the counter compared with the average volume of 3.35 lakh shares in past one quarter.

The stock hit a high of Rs 364 and a low of Rs 350.50 so far during the day. The stock had hit a record high of Rs 416.80 on 12 October 2010 and a 52-week low of Rs 97.86 on 23 November 2009.

The mid-cap stock had outperformed the market over the past one month till 23 November 2010, rising 4.94% compared with the Sensex's 2.35% fall. It had also outperformed the market in past one quarter, gaining 13.37% as against 6.97% rise in the Sensex.

The company has an equity capital of Rs 31.34 crore. Face value per share is Rs 10.

In a statement to BSE, Aegis Logistics said the company will invest up to Rs 400 crore in building a 6,00,000 kilolitres (kl) oil terminal complex in Port Pipavav. The company would also develop an 80,000 kl capacity terminal at the Haldia port and would expand capacity at Kochi by 50%, it added.

Aegis Logistics' consolidated net profit declined 13.2% to Rs 9.42 crore on 263.2% jump in net sales to Rs 272.89 crore in Q2 September 2010 over Q2 September 2009.