When the going is good

Promoter entity makes the most of the momentum in Aegis Logistics’ stock

After a near one-year hiatus, the Chandaria brothers, Raj and Anish, have cashed in on the unrelenting rally in the Aegis Logistics stock. After gaining 132.83% and 22.63% in CY15 and CY16, the stock has continued to sizzle in CY17, surging 45.97% to Rs.187.5. The year-to-date performance stands out in comparison to the 21.62% gain on the benchmark Sensex. On July 19, the promoter group entity Huron Holdings sold Rs.58 crore worth of shares, that is, 33 lakh shares at an average price of Rs.175.24 a share.

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