Sell Blue Dart Express, target price Rs 6768: ICICI Securities

ICICI Securities has sell call on Blue Dart Express with a target price of Rs 6768. The current market price of Blue Dart Express is Rs 7853. Time period given by analyst is one year when Blue Dart Express Ltd. price can reach defined target.

Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 18699.39 Crore) operating in Logistics sector.

Blue Dart Express Ltd. key Products/Revenue Segments include Service Charges for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1332.96 Crore, up 2.53 % from last quarter Total Income of Rs 1300.05 Crore and up 17.98 % from last year same quarter Total Income of Rs 1129.84 Crore. Company reported net profit after tax of Rs 93.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.5 per cent, DIIs 9.59 per cent.