Blue Dart stock up over 8% on Q1 results

Shares of air express courier firm Blue Dart were trading 8.35 per cent up at Rs 1488.10 on the Bombay Stock Exchange after its January-March profit rose 52 per cent from a year ago.

"If you analyse and compare our previous year, you will always find the Q1 margin to be always higher than the annual margin number because what happens is you start the year and then you keep on expanding your cost base to cater to the additional volumes. That would happen and the way we are progressing, there would be a need to invest and as you would have seen that every year we invest into various initiatives of infrastructure. So certainly, there would be impact to the margins, but overall, it is going to be better than 2010'" said Yogesh Dhingra, Chief Operating Officer and Finance Director, Blue Dart Express Ltd.


"Most of the volatility has been on the upside. Investors in it would not be unhappy. Overall the stock has been very strong. It is at an all time high. The prospects look pretty good. It has had an excellent bull market. It has gone up something like 4.5 times. This is a very strong stock, not much a draw down. It does not decline very much in bad times. Pretty good investment stock but the buyback issue will probably have to be resolved in the minds of investors so that the volatility settles down a little bit," said Deepak Mohoni, Director, trendwatchindia.com.