Buy Blue Dart Express, target price Rs 7540: Motilal Oswal

Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15357.67 Crore) operating in Logistics sector.

By ETMarkets.com | Updated: Nov 03, 2023, 12.26 PM IST

Promoters held 75.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.73 per cent, DIIs 11.76 per cent.

Motilal Oswal has buy call on Blue Dart Express Ltd. with a target price of Rs 7540. The current market price of Blue Dart Express Ltd. is Rs 6487.55.

Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15357.67 Crore) operating in Logistics sector.

Blue Dart Express Ltd. key Products/Revenue Segments include Service Charges for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1329.71 Crore, up 6.57 % from last quarter Total Income of Rs 1247.75 Crore and down -.24 % from last year same quarter Total Income of Rs 1332.96 Crore. Company reported net profit after tax of Rs 73.06 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.73 per cent, DIIs 11.76 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!