Small Midcap mantra: This stock has doubled investors’ money in 1 year, know whether this rally will last even further

Aegis Logistics Along with the price moment in the stock, there has been an increase in volumes which indicates heavy buying in it. The veterans say that its MACD has also given a positive crossover on the weekly chart. Shares of Aegis Logistics have hit a new 52-week high on a daily basis despite sluggish March quarter results.

In the month of May, this stock has seen an increase of 18 percent, while in 2021 so far this stock has run up to 40 percent. At the same time, from June 1, 2020 till now, this stock has run 100 percent.

Aegis Logistics India’s Leading Gas Logistics Company with 2 Major Divisions. The first is gas and the second is liquid. Its gas division is its main growth driver while its liquid division provides good cash flow to it.

Despite the sluggish March quarter results and the impact of the lockdown implemented in many states across the country, this stock has remained in limelight due to the increasing proliferation of LPG gas in the country.

The government is focusing on reducing pollution, which is expected to promote cleaner fuel. The balance sheet of the company is very strong. Further expansion in the business of the company can be seen. Apart from this, the company has a strong presence at important ports of the country. These are all the reasons that keep this stock on the radar of experts.

Market players believe that this stock may see further gains from its current level of Rs 351 and it may soon come in the range of Rs 450-500, showing a gain of 40 per cent.

Let us tell you that in yesterday’s trade, it made its new 52-week high and touched the level of 364.60 in intraday before closing in the red mark.

Edelweiss Wealth Research Giving buy rating to this share, has set a target of Rs 416 per share for this.

Kotak Security Giving the ADD rating of this stock, has increased its target from Rs 320 to Rs 405.

Ashish Chaturmohta of Sanctum Wealth Management Says that this share can also be bought around the current level of Rs 360, but if it is found around Rs 345 in a fall, it will be better. For this, we must keep a stop loss of Rs 325. In the coming 6-9 months, the level of Rs 450 to 500 can easily be seen in this stock.

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