Business
June 11, 2023
3 min

Up 2300% in 10 years! Nomura bets on this multibagger logistic stock; sees 35% upside - Business Today

Shares of Aegis Logistics, a leading oil, gas and chemical logistics firm in India, have surged 2,300% over the last decade. The company's Q4 net profit rose 49% year on year, and its recent performance has prompted a 'Buy' rating from Nomura, which said the outlook remains robust and set a target price of INR462 ($6.10), a 35% increase on the share's previous closing price. The firm has also expanded and has plans for further capacity growth, according to the report.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry