Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air
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Blue Dart Express is currently trading at Rs. 7915.25, up by 66.95 points or 0.85% from its previous closing of Rs. 7848.30 on the BSE.
The scrip opened at Rs. 8049.95 and has touched a high and low of Rs. 8049.95 and Rs. 7852.10 respectively. So far 99 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8194.95 on 14-Jun-2024 and a 52 week low of Rs. 5490.00 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 8194.95 and Rs. 7820.00 respectively. The current market cap of the company is Rs. 18622.39 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.13% and 7.88% respectively.
Blue Dart Express has successfully launched drone deliveries in collaboration with Skye Air, a leader in drone technology. This move marks a significant advancement towards cleaner and more efficient delivery solutions. Building on their pioneering VLOS trials in Vikarabad, Hyderabad, in September 2021, and BVLOS trials under the Telangana Government's ‘Medicine from the Sky’ initiative, Blue Dart continues to lead in utilizing drone technology for logistics.
Initially focusing on the growing e-commerce sector, this innovative approach is set to revolutionize last-mile delivery by offering same-day delivery for shipments, significantly reducing delivery time and environmental impact. This milestone achievement notably coincided with World Environment Day, emphasizing Blue Dart's commitment to sustainable logistics practices.
With a rich legacy spanning over four decades, Blue Dart has set the standard for reliability, resilience, and responsiveness in the express logistics industry. The successful initiation of drone delivery operations further solidifies Blue Dart's position as an industry leader, reaffirming its commitment to continuous innovation and top-notch service.
Blue Dart Express, South Asia's premier express air and integrated transportation and distribution company, offers secure and reliable delivery of consignments in India.
