Mahindra Logistics rises on launching two Grade A warehousing facilities in Guwahati, Agartala
Mahindra Logistics is currently trading at Rs. 349.45, up by 1.00 points or 0.29% from its previous closing of Rs. 348.45 on the BSE.
The scrip opened at Rs. 344.05 and has touched a high and low of Rs. 351.95 and Rs. 344.05 respectively. So far 2051 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.67 on 14-Oct-2024 and a 52 week low of Rs. 217.70 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 354.20 and Rs. 335.65 respectively. The current market cap of the company is Rs. 3453.97 crore.
The promoters holding in the company stood at 57.97%, while Institutions and Non-Institutions held 18.66% and 23.37% respectively.
Mahindra Logistics has launched two state-of-the-art Grade A warehousing facilities in Guwahati and Agartala, expanding its Eastern India presence. With this, the company has added over 4 lakh sq. ft. of capacity in the region. These facilities reflect company’s vision to enhancing regional connectivity, boosting operational capabilities, and addressing the surging demand for integrated logistics solutions in the region.
As part of its ‘Go-East’ strategy, the company has developed one million square feet of multiclient warehousing space across the region and plans to expand express logistics services to more than 800 pin codes. This expansion is designed to accelerate economic growth, generate over 2,000 employment opportunities, and build a workforce with 50% diversity from local communities. Through these facilities in the East, the company will serve industries such as e-commerce, FMCG, pharmaceuticals, automobiles, retail, and grocery, provide end-to-end solutions across warehousing, distribution, fulfilment, sortation, and delivery and cover first, mid, and last mile, milk-run, express, and long-haul line haul services.
Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
