Patel Integrated Logistics Limited Company is a single stop Logistics Services Provider, offering complete Logistics solutions through the extensive infrastructure of nearly 350 Offices and Over 2000 Delivery Destinations.
Company also renders Money Transfer Services as a sub agent of Wall Street Finance Limited. company is able to pass on the increase in the fuel cost, so we may see better margins from 2nd qtr of current year. company allotted18,00,000 equity shares of Rs 10 each at a premium of Rs 64 per equity share aggregating to Rs 13,32,00,000. in feb 2008 to some strategic investors. stock reacted from high of rs 131 to current levels of rs 40 . while last three years low is around rs 36. book value of company is rs 53 .
is it not worth accumulating at these levels?
members may pl share view.
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