Bengaluru, Jan. 8 -- which is in the business of transportation of goods, warehousing, and other incidental activities, along with trading business, had its shares in momentum today following the company's announcement of entering into liquid chemical rail transport with a good revenue outlook.

With the market cap of Rs 274 crore, the shares of AVG Logistics Ltd had hit their intraday high at Rs 186.95, gaining about 9 per cent compared to their previous day's closing price of Rs 171.60. The shares are trading at a PE of 13.3, whereas their industry PE is at 24.6

About the new business vertical.

AVG Logistics has taken a strategic step beyond its traditional parcel and freight operations to initiate rail-based liquid chemical transport...