Angel Broking has maintained ‘Buy’ rating on Aegis Logistics stock to achieve a medium term target of Rs 335.

According to Angel Broking, interested investors can purchase the stock between Rs 235-240 with a strict stop loss of Rs 220.

Today (May 30), the company’s shares opened at Rs 255, as against its last closure at Rs 242.80 on Thursday (May 29), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 17.02 and 14.20 respectively. The share price has seen a 52-week high of Rs 404.4 and a low of Rs 126 on BSE.

The company announced a phenomenal rise in standalone net profit for the fourth quarter ended March 2008, helped by robust sales growth together with substantial improvement in operating margin.

During the quarter, the profit of the company soared 74.85% to Rs 120.30 million from Rs 68.80 million in the same quarter, last year. Net sales for the quarter surged 75.76% to Rs 1,151.40 million, while total income for the quarter jumped 71.32% to Rs 1,148.90 million.

During the year ended March 2008, the profit of the company rose 65.64% to Rs 390.90 million from Rs 236 million in the last year. Net sales for the year surged 55.56% to Rs 3,738.80 million, while total income during the year jumped 54.45% to Rs 3,764.60 million.

The company’s board at its meeting held on May 29, 2008, has recommended final dividend of 20% that is Rs 2 a share of par value Rs 10 each.

Other stocks from the same sector that looks good for short-term and long-term trading includes MMTC Ltd, Adani Enterprises, Rei Agro and PTC India.