Around 11:20 am today, well known PMS fund manager Porinju Veliyath tweeted as below:
AllCargo @ 170, one of the largest logistics company, an underperformer priced at Rs.4000 Cr seems to be at an inflection point. Explore yourself. We hold in PMS & AIF. https://t.co/kUTFByyPMF
— Porinju Veliyath (@porinju) November 29, 2017
The effect on the stock price was immediate