The Chandaria brothers, Raj and Anish, have taken some money off the table following the stupendous rally in Aegis Logistics. For the uninitiated, Aegis operates a network of shore-based tank farm installations for the handling of bulk liquids. These terminals are located in Mumbai, Kochi, Pipavav and Haldia, and are connected by pipelines to various berths for export and import of hazardous chemicals, petroleum products, and petrochemicals.
Since 2014, the stock has been on a roll, vaulting close to 8-fold to Rs. 121. Year-till-date, too, the stock has gained 29% as against the benchmark Sensex's 6%. Thus, it is no surprise that the promoters sold 33 lakh