Buy Blue Dart Express, target price Rs 9,900: Motilal Oswal Financial Services

Motilal Oswal Financial Services has a buy call on Blue Dart Express with a target price of Rs 9,900.0. The current market price of Blue Dart Express is Rs 8,652.5.

Blue Dart Express, incorporated in 1991, is a Mid Cap company (having a market cap of Rs 20,484.44 Crore) operating in the Logistics sector.

Blue Dart Express 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 1,351.79 Crore, up 1.34% from the last quarter Total Income of Rs 1,333.93 Crore and up 8.34% from the same quarter last year Total Income of Rs 1,247.75 Crore. The company reported a net profit after tax of Rs 53.42 Crore in the latest quarter.

Promoter/FII Holdings

Promoters held 75.0% stake in the company as of 30-Jun-2024, while FIIs owned 5.37%, and DIIs 12.64%.