| Open | 83.15 |
| LTP | 80.58 |
| Previous Close | 82.76 |
| Day High | 83.79 |
| Day Low | 80.01 |
| Volume | 1525662 |
| Company Name | Price | Change | %Change | Day High | Day Low | Prev.Close | Volume |
|---|---|---|---|---|---|---|---|
| Lloyds Steels Industries Limited | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GMR Infrastructure Limited | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3i Infotech Limited | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Live Comments
Nikhil3 2022-07-03 13:37:39
The logistics sector reported strong growth in April and May, in spite of higher crude oil prices, led by the economic revival and higher pent-up demand for manufactured goods and services. Although the quarter began with higher congestion at Chinese ports due to Chinas lockdown and relocation of assets from the Baltic area (due to geopolitical issues) the global supply chain has started normalizing as Chinese companies resumed production output from June 1. On the rail front, Dedicated Freight Corridor commercialization has led to improved turnaround times and more double stacking for our coverage container train operators. Bulk commodities have gathered pace on the Exim front, outpacing container growth. Petroleum oil products have grown 15-16% YoY, led by higher economic activity. Thermal coal has grown more than 40% from March onwards due to domestic coal shortage amid higher power demand. However, coking coal demand remained range-bound. Trial train operations have started at the Mehsana-Palanpur section of the DFC in Gujarat, with a speed of 55-65 kmph (double the speed of freight trains running on the Indian Railways network). DFCCIL expects to commercialize operations up to Sanand in a few months. Combined Transport Operators (CTOs) such as Concor, Gateway Distriparks, and also Adani Ports (logistics segment) and newer entrants like Gujarat Pipavav Logistics expect to run higher double-stack trains on the network, with an improved turnaround time and thereby improving market share over road players in the medium to long term. Higher crude oil prices also help rail players as rail becomes more economical than the road to transport freight over longer distances.
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