Add Mahindra Logistics, target price Rs 390: ICICI Securities

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Oct 26, 2023, 10.43 AM IST

Promoters held 58.04 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.08 per cent, DIIs 14.6 per cent.

ICICI Securities has add call on Mahindra Logistics Ltd. with a target price of Rs 390. The current market price of Mahindra Logistics Ltd. is Rs 354.95.

Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 2557.28 Crore) operating in Logistics sector.

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1371.34 Crore, up 5.54 % from last quarter Total Income of Rs 1299.40 Crore and up 3.13 % from last year same quarter Total Income of Rs 1329.68 Crore. Company reported net profit after tax of Rs -15.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 58.04 per cent stake in the company as of 30-Sep-2023, while FIIs owned 12.08 per cent, DIIs 14.6 per cent.

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