Patel Integrated Logistics Trades Positive, Signs Loan Documents

Patel Integrated Logistics on Thursday has executed loan documents of an amount of Rs 5 crore with Small Industries Development Bank of India (SIDBI).

The loan was taken for setting up warehouse facility at Bangalore obtained on long term lease of 99 years from Karnataka Industrial Areas Development Board (KIADB).

In addition, the company is actively looking for setting up warehouse facilities in Gujarat and Chennai.

Meanwhile, the stock gained 1.1% at Rs 89.80 per share on BSE. The stock attracted a traded volume of shares and a traded value of lakhs on NSE on Friday’s trade.

On a yearly basis, the stock has underperformed BSE Small-cap index.  According to market observers, the company has good profit growth of 20.46% over 5 years.  

Patel Integrated Logistics Limited is an India-based logistics solutions provider. The company’s segments include Surface Transportation, Co-loading of Courier and Consolidation of Cargo.

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About Suhani Varma

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