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    Reduce Blue Dart Express, target price Rs 8000: ICICI Direct

    Synopsis

    Blue Dart Express Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 20435.92 Crore) operating in Logistics sector.

    Blue Dart
    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.
    ICICI Direct has reduce call on Blue Dart Express with a target price of Rs 8000. The current market price of Blue Dart Express Ltd. is Rs 8627.85. 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 20435.92 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 30-06-2022, the company has reported a Consolidated Total Income of Rs 1300.05 Crore, up 11.16 % from last quarter Total Income of Rs 1169.52 Crore and up 48.95 % from last year same quarter Total Income of Rs 872.81 Crore. Company has reported net profit after tax of Rs 118.79 Crore in latest quarter.


    Investment Rationale
    Real-time monitoring of cargo, unified integration of surface, air cargo movement would help in network optimisation and faster deliveries thereby improving the operational efficiency for BlueDart

    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.



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    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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