Blue Dart Express moves up as it all set to hike shipment price by 9.6%
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Blue Dart Express is currently trading at Rs. 8714.15, up by 137.95 points or 1.61% from its previous closing of Rs. 8576.20 on the BSE.
The scrip opened at Rs. 8740.00 and has touched a high and low of Rs. 8881.00 and Rs. 8673.85 respectively. So far 1650 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9277.00 on 07-Sep-2022 and a 52 week low of Rs. 5428.45 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 8899.00 and Rs. 8415.80 respectively. The current market cap of the company is Rs. 20693.01 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.09% and 11.91% respectively.
Blue Dart Express is all set to increase the average shipment price by 9.6% as compared to 2022, dependent on the shipping profile. The General Price Increase (GPI) will be effective from January 1, 2023.
High inflation, rising interest rates, high input costs have all taken a toll on the margins of the business. Modest GDP growth, slow pace of recovery owing to global supply chain bottlenecks, all of which necessitates a marginal price increase. 'Ship To Profile' will be a new derivative concept, which is being introduced to give benefit to large volume shippers and also correct prices for other shippers.
Blue Dart Express, South Asia's premier express air and integrated transportation and distribution company, offers secure and reliable delivery of consignments in India.
