Blue Dart Express rises on opening 25 retail outlets as part of expansion plan
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Blue Dart Express is currently trading at Rs. 7218.50, up by 60.10 points or 0.84% from its previous closing of Rs. 7158.40 on the BSE.
The scrip opened at Rs. 7250.00 and has touched a high and low of Rs. 7337.25 and Rs. 7206.20 respectively. So far 1597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9639.45 on 04-Oct-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. 7337.25 and Rs. 6980.50 respectively. The current market cap of the company is Rs. 17179.14 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.03% and 11.97% respectively.
Blue Dart Express has opened 25 retail outlets in Tier I & II towns as part of its expansion plans. It already has a wide spectrum of solutions, and the company continues to also drive omni-channel growth. These stores are located in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat.
This retail expansion is a milestone in the company's ongoing journey to further strengthen its connectivity, as over 100 stores have been added in a very short period of time. The expansion will also act as an advantage for customers to ship anywhere in the Blue Dart Country, which now serves over 55400 plus locations & covers 99% of the country's GDP. With over 700 plus retail stores with DHL across India, Blue Dart offers the most reliable, resilient, and responsive service, providing a quick turnaround time and an enhanced direct reach to all pin codes in the country.
Blue Dart Express, South Asia's premier express air and integrated transportation and distribution company, offers secure and reliable delivery of consignments in India.
