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Motilal Oswal Report
Aegis Logistics Ltd. has outperformed the Nifty by ~15% in the last six months – on the back of the government impetus to increase the use of liquefied petroleum gas in households after the great success of the Pradhan Mantri Ujjwala Yojana scheme – which achieved 99.8% coverage.
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Also, the stock has held strong despite the recent dip in the markets owing to the following inflection points -
- Increased LPG throughput at Mumbai and the Pipavav terminal post the technical debottlenecking of the Uran-Chakkan pipeline and commissioning of the railway gantry (respectively)
- The likely commissioning of the Kandla LPG terminal in the current quarter, which would further boost throughput volumes for the company.
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