Buy Blue Dart Express, target price Rs 9500: Motilal Oswal

Motilal Oswal has buy call on Blue Dart Express Ltd. with a target price of Rs 9500. The current market price of Blue Dart Express is Rs 8364.15.

Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19653.49 Crore) operating in Logistics sector.

Blue Dart Express Ltd. key Products/Revenue Segments include Service Charges for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1351.79 Crore, up 1.34 % from last quarter Total Income of Rs 1333.93 Crore and up 8.34 % from last year same quarter Total Income of Rs 1247.75 Crore. Company reported net profit after tax of Rs 53.42 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.37 per cent, DIIs 12.64 per cent.