Shares of this firm jumped greater than 80 per cent within the final one yr.
AVG Logistics Ltd. has secured a major partnership with Uttar Pradesh State Highway Transport Company (UPSRTC), turning into their licensed companion for specific parcel providers within the state. This 5-year contract, valued at an anticipated Rs 60 crore, marks a serious step for AVG, solidifying its place within the specific parcel supply phase.
The collaboration leverages UPSRTC’s huge bus community, with AVG securing area in 9,000 buses for parcel supply. This intensive attain will guarantee environment friendly distribution throughout city and rural areas all through Uttar Pradesh, a state identified for its logistical challenges. AVG goals to deal with these challenges with their experience and customer-centric method, streamlining the specific parcel supply course of and contributing to the state’s financial development.
This win strengthens AVG’s fame as a frontrunner within the logistics business and positions them for sustained development and profitability. With a dedication to offering dependable, quick, and cost-effective supply options, AVG is ready to rework the logistics panorama of Uttar Pradesh.
Earlier, AVG Logistics secured a serious contract to move home equipment for a high producer. This 3-year deal, price roughly Rs. 50 crores, will see AVG leverage its intensive community to maneuver washing machines, fridges, and different home equipment in an eco-friendly method.
AVG Logistics Restricted is without doubt one of the main multimodal logistics options suppliers primarily based in India. Based in 2010, the corporate has quickly grown to turn out to be a trusted companion for companies throughout India. The shares of the corporate have gained of greater than 500 per cent within the final three years and FIIs have elevated their stake within the firm in March 2024.
The inventory has proven super development and traders ought to preserve a detailed eye on this inventory.
Disclaimer: The article is for informational functions solely and never funding recommendation.
DSIJ’s’multibagger Choose’ service recommends effectively researched multibagger shares with Excessive Returns potential. If this pursuits you, do obtain the service particulars right here.
