Buy Blue Dart Express, target price Rs 7850: Motilal Oswal

Motilal Oswal has buy call on Blue Dart Express with a target price of Rs 7850. The current market price of Blue Dart Express Ltd. is Rs 6456.5.

Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 15330.14 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 31-12-2023, the company reported a Consolidated Total Income of Rs 1407.28 Crore, up 5.83 % from last quarter Total Income of Rs 1329.71 Crore and up 4.55 % from last year same quarter Total Income of Rs 1346.03 Crore. Company reported net profit after tax of Rs 88.89 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.29 per cent, DIIs 11.76 per cent.