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    Buy Mahindra Logistics, target price Rs 610: ICICI Direct

    Synopsis

    Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3764.04 Crore) operating in Logistics sector.

    Buy,-sell-1---IStock
    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.
    ICICI Direct has buy call on Mahindra Logistics with a target price of Rs 610. The current market price of Mahindra Logistics is Rs 524.65. Time period given by analyst is one year 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 3764.04 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.



    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.



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    (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 .)

    Download 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

    ...more
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