Aegis Logistics a market performer: Karvy

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Aegis Logistics a market performer: Karvy

Karvy Stock Broking has maintained its market performer rating on Aegis Logistics with a target price of Rs 68. For Q3FY09 (standalone), Aegis Logistics reported revenue decline of 20% YoY (QoQ decline of 42%) to Rs 737 million.

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Karvy Stock Broking has maintained its market performer rating on Aegis Logistics with a target price of Rs 68 in its February 6, 2009 research report. "For Q3FY09 (standalone), Aegis Logistics reported revenue decline of 20% YoY (QoQ decline of 42%) to Rs 737 million. We maintain our valuation at 6xFY10E with target price of Rs 68 (previous Rs 71) and maintain Marketperformer rating," says Karvy's research report.

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