ThinkStock PhotosAxis Securities has buy call on Mahindra Logistics Ltd. with a target price of Rs 610. The current market price of Mahindra Logistics Ltd. is Rs 548.
Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3929.49 Crore) operating in Logistics sector.
Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1202.99 Crore, up 11.56 % from last quarter Total Income of Rs 1078.37 Crore and up 37.44 % from last year same quarter Total Income of Rs 875.28 Crore. Company reported net profit after tax of Rs 13.64 Crore in latest quarter.
Investment Rationale
Six months “multiple resistance” breakout at 523 with rising volumes and sustaining key SMAs.
Promoter/FII Holdings
Promoters held 58.12 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.08 per cent, DIIs 13.48 per cent.
Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3929.49 Crore) operating in Logistics sector.
Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1202.99 Crore, up 11.56 % from last quarter Total Income of Rs 1078.37 Crore and up 37.44 % from last year same quarter Total Income of Rs 875.28 Crore. Company reported net profit after tax of Rs 13.64 Crore in latest quarter.
Investment Rationale
Six months “multiple resistance” breakout at 523 with rising volumes and sustaining key SMAs.
Promoter/FII Holdings
Promoters held 58.12 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.08 per cent, DIIs 13.48 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Pick the best stocks for yourself
Powered by
Get Unlimited Access to The Economic Times
