The stock market is currently going through a lot of ups and downs. Today, the Sensex fell by 478.41 points to 76,139.03, while the Nifty dropped by 117.70 points to 23,214.65 during early trading.
If you’re interested in investing in stocks with high return potential, this news might be helpful for you.
Investment Opportunity: Allcargo Logistics
Market experts have identified Allcargo Logistics as a promising stock. Its shares are currently priced at Rs 29.
Analysts believe this stock has strong growth potential and could be a great investment.
According to a report by ET, experts are recommending a ‘buy’ rating for Allcargo Logistics.
They predict the stock price could go up to Rs 59, which would be a 103% increase from the current price.
Key stats
Current price: Rs 29
Target price: Rs 59
52-week high: Rs 78.91
52-week low: Rs 28.46
Year-to-date decline: 60% (from Rs 77 to Rs 29)
Buy ratings: 3 analysts
About Allcargo Logistics
Allcargo Logistics Limited is based in Mumbai and provides multi-modal logistics and transportation services across the globe.
The company operates in over 180 countries and has a market capitalization of Rs 2,966 crore.
