Kesar Terminals on a new high

Kesar Terminals & Infrastructure hit a new 52-week high today at Rs.538 and volumes which rarely cross 1700 shares on a two-week average, today showed a surge with 42,000 shares getting traded. Its market cap stands at Rs.275 crore.

This rarely heard stock, is in the spotlight today as the company announced yesterday after market closure that its Board will be meeting on 24th June to consider issue of bonus shares.

Kesar Terminals and Infrastructure is in the business of tanking, warehousing, storage of liquid and logistics. The company has bulk liquid chemical terminals at Kandla, Gujarat , with a combined capacity of 127,000 Kilo Litres. The primary revenues of the company are through hire / rental income for providing liquid storage tanks and other related services.

The company had ended Q4Fy16 with a 66% jump in net profit at Rs.4 crore on a 4% rise in net sales at Rs.11 crore.