Buy Mahindra Logistics, target price Rs 502: HDFC Securities

HDFC Securities has buy call on Mahindra Logistics with a target price of Rs 502. The current market price of Mahindra Logistics is Rs 428.85. Time period given by analyst is 3 months when Mahindra Logistics Ltd. price can reach defined target.

Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3066.06 Crore) operating in Logistics sector.

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1120.50 Crore, up 9.74 % from last quarter Total Income of Rs 1021.07 Crore and up 6.87 % from last year same quarter Total Income of Rs 1048.51 Crore. Company reported net profit after tax of Rs 5.07 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.18 per cent stake in the company as of 31-Dec-2021, while FIIs owned 21.66 per cent, DIIs 11.09 per cent.