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Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By Emkay Global Financial Services We monitor monthly indicators to assess the freight and cargo movement across the road, port and rail network. For Aug-23, freight movements across all modes of transportation witnessed healthy growth, with GST e-way bill generation up 20% YoY, cargo volumes carried by Indian Railways (IR) growing 6.4% YoY, and major port volumes improving 4.4% YoY. Container cargo volumes increased by 16% on a YoY basis, post a tepid Q1FY24 (+1% YoY), suggesting positive volume trends for rail logistics oper...
Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By Emkay Global Financial Services
Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
7/09/2023 4:01:11 PM
Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By ICICI Securities Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out Q1FY24 marked the third successive quarter of subdued earnings for the logistics companies under our coverage. Key points: 1) almost all the covered companies performed below our expectations; 2) shipments/volumes increased across the board, but fell short of our expectations; 3) street has cut its EBITDA estimates and target prices for all the covered companies except Gateway Distriparks (GDL) and M...
Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By ICICI Securities
Logistics Sector Update : Q1FY24 review: Yet again a subdued quarter though earnings are likely to have bottomed out By ICICI Securities
Source: ICICI Securities
3/09/2023 9:15:45 AM
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities Future Outlook • The Rs 80bn PSU aims to become a complete logistic solution provider. • Volumes grew 7% last fiscal and its annual capex of around Rs 6bn is mostly towards rolling stock, rakes and containers. Technical Commentary • The stock is currently engaged in a sideways trend, indicating a lack of clear directional movement. Resistance is marked at 750, while support is evident around 650. • A "buy on dip" strategy seems favorable, particula...
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities
Source: LKP Securities Ltd
19/08/2023 12:44:59 PM
Buy Container Corporation Ltd For Target Rs . 750 - Motilal Oswal Lower realization in EXIM and domestic cargo drag performance * Container Corporation (CCRI) reported a volume growth of 8% YoY in 1QFY24. Revenues declined 3% YoY to INR19.2b in 1QFY24 (16% below our estimate). * Total volumes increased 8% YoY to 1.09m TEUs with EXIM/Domestic volumes at 0.84m/0.25m TEUs (up 7%/up 10% YoY). Volumes were largely in line with our estimate. * Blended realization decreased 10% YoY to INR17,550/TEU. EXIM/Domestic realization stood at INR14,631/INR37,305 p...
Buy Container Corporation Ltd For Target Rs . 750 - Motilal Oswal
Buy Container Corporation Ltd For Target Rs . 750 - Motilal Oswal
Source: Motilal Oswal Financial Services
15/08/2023 12:48:12 PM
Delhivery moves up on winning contract from Havells India Delhivery is currently trading at Rs. 416.20, up by 5.10 points or 1.24% from its previous closing of Rs. 411.10 on the BSE. The scrip opened at Rs. 409.40 and has touched a high and low of Rs. 420.00 and Rs. 409.40 respectively. So far 17817 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 621.35 on 10-Aug-2022 and a 52 week low of Rs. 291.00 on 27-Jan-2023. Last one week high and low of the scrip stood at Rs. 4...
Delhivery moves up on winning contract from Havells India
Delhivery moves up on winning contract from Havells India
Source: Accord Fintech
9/08/2023 11:40:15 AM
Adani Ports trades higher on reporting 80% rise in Q1 consolidated net profit Adani Ports is currently trading at Rs. 790.95, up by 6.60 points or 0.84% from its previous closing of Rs. 784.35 on the BSE. The scrip opened at Rs. 793.90 and has touched a high and low of Rs. 806.40 and Rs. 785.25 respectively. So far 343242 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023. Last one week high and low of the scrip stood at Rs...
Adani Ports trades higher on reporting 80% rise in Q1 consolidated net profit
Adani Ports trades higher on reporting 80% rise in Q1 consolidated net profit
Source: Accord Fintech
9/08/2023 11:01:55 AM
Buy VRL Logistics Ltd For Target Rs.850 - Motilal Oswal Financial Services Ltd Benefiting from its impressive asset base and extensive network * VRLL, with its large asset base of 5,671 trucks, has successfully transformed itself into a specialized goods transport (GT) company by focusing on its highmargin LTL (less than truck load) segment. * In FY23, VRLL expanded its branch network by adding 184 new branches, which led to a significant increase in volumes. * To capitalize on the growth opportunity in the LTL segment, VRLL has placed orders for 1,667 GT vehic...
Buy VRL Logistics Ltd For Target Rs.850 - Motilal Oswal Financial Services Ltd
Buy VRL Logistics Ltd For Target Rs.850 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
20/07/2023 2:00:45 PM
Logistics Sector Update : Logistics activity remains stable in Jun`2023 By Motilal Oswal Financial Services * Domestic logistics activity was stable in Jun’23, with daily average e-way bill generations increasing ~1% MoM. Fleet utilization stood at 80-85% during the month. Daily average FASTag toll collections declined ~1% MoM in Jun’23. * EXIM container volumes handled by the Indian Railways decreased 11.2% YoY, with its market share in EXIM containers declining to 32% as of Jun’23 (from 34% in Jun’22). Overall container volumes handled at ports decreased ~7% YoY during ...
Logistics Sector Update : Logistics activity remains stable in Jun`2023 By Motilal Oswal Financial Services
Logistics Sector Update : Logistics activity remains stable in Jun`2023 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
8/07/2023 10:25:05 AM
Buy VRL Logistics Ltd For Target Rs.900 - ICICI Securities Good performance in testing times VRL Logistics’ (VRL) Q4FY23 performance was in line with our estimates. Key takeaways: i) EBITDA margin of GT segment expanded 30bps QoQ to 16%; ii) volume rose 16% YoY (2.2% QoQ) at 1,031kte; 3) added 57 new branches in Q4FY23; 4) net debt rose Rs381mn YoY owing to buyback of shares amounting to Rs613mn in Q4FY23; 5) FY23 capex stood at 4.1bn; and 6) cash return of Rs11.9/share to shareholders through buyback and dividend of Rs5/share. We believ...
Buy VRL Logistics Ltd For Target Rs.900 - ICICI Securities
Buy VRL Logistics Ltd For Target Rs.900 - ICICI Securities
Source: ICICI Securities Ltd
13/06/2023 1:00:55 PM
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities Blue Dart Express’ (BDE) Q4FY23 performance undershot street estimates by 6%; however, it was broadly in line with our estimates. Key points: 1) Number of shipments rose ~12% YoY to 82mn, possibly due to higher share of road cargoes; 2) realisation/kg remained static QoQ, implying insufficient absorption of price hikes taken in Jan-23; 3) consolidated EBITDA margin dipped to 16.4% (lowest since Q1FY20) on negative price-cost effect. Going ahead, we envisage bumpy road for the comp...
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities
REDUCE Blue Dart Express Ltd For Target Rs.Rs5,415 - ICICI Securities
Source: IIFL Securities Ltd.
29/05/2023 2:14:20 PM
India`s e-commerce logistics industry to cross 10 bn shipments by FY28  India's e-commerce logistics industry saw total shipments reaching to 4 billion in FY23, riding on new categories, direct-to-consumer (D2C) brands along with continued growth in smaller cities, a report showed on Tuesday. India's e-commerce logistics space is on track to comfortably exceed 10 billion shipments by FY28 at a minimum compound annual growth rate (CAGR) of 20 per cent, according to the latest report by Redseer Strategy Consultants. Despite intensifying competit...
India`s e-commerce logistics industry to cross 10 bn shipments by FY28
India`s e-commerce logistics industry to cross 10 bn shipments by FY28
Source: IANS
11/04/2023 10:53:01 AM
Mahindra Logistics gains on entering into BTA to sell express network business to MESPL Mahindra Logistics is currently trading at Rs. 353.20, up by 1.45 points or 0.41% from its previous closing of Rs. 351.75 on the BSE. The scrip opened at Rs. 351.85 and has touched a high and low of Rs. 356.15 and Rs. 351.00 respectively. So far 6038 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 567.30 on 23-Sep-2022 and a 52 week low of Rs. 349.90 on 29-Mar-2023. Last one week high and low of the scrip stood...
Mahindra Logistics gains on entering into BTA to sell express network business to MESPL
Mahindra Logistics gains on entering into BTA to sell express network business to MESPL
Source: Accord Fintech
31/03/2023 12:46:55 PM
Buy Delhivery Ltd For Target Rs. 351 - ICICI Securities Five reasons to buy this quality name We believe Delhivery’s current valuations provide a great opportunity to BUY this high quality stock. The risk-reward skew at current market price is very attractive in our view (5.3:1). While we acknowledge growth has been slowing in e-commerce sales in FY23, we believe it is a transient issue and is unlikely to be symptomatic of structural weakness in the space. We have cut our revenue growth estimates meaningfully for FY23/FY24E/25E (16%/23%/2...
Buy Delhivery Ltd For Target Rs. 351 - ICICI Securities
Buy Delhivery Ltd For Target Rs. 351 - ICICI Securities
Source: ICICI Securities Ltd
12/01/2023 1:07:23 PM
Logistics policy fulfills vow of India being a developed nation: Prime Minister Prime Minister Narendra Modi on Saturday launched the National Logistics Policy, calling it a significant step in fulfilling the 'Pran' (vow) of India being a developed country. "To ensure quick last mile delivery, end transport-related challenges, save time and money of the manufacturers, prevent wastasge of the agro-products, concerted efforts were made and one of the manifestations of those efforts is today's National Logistics Policy," he said. The resulting im...
Logistics policy fulfills vow of India being a developed nation: Prime Minister
Logistics policy fulfills vow of India being a developed nation: Prime Minister
Source: IANS
18/09/2022 9:04:58 AM
Mahindra Logistics rises on inaugurating warehouse in Nashik Mahindra Logistics is currently trading at Rs. 493.80, up by 4.00 points or 0.82% from its previous closing of Rs. 489.80 on the BSE. The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 500.10 and Rs. 490.00 respectively. So far 5732 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 814.00 on 25-Nov-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip stood...
Mahindra Logistics rises on inaugurating warehouse in Nashik
Mahindra Logistics rises on inaugurating warehouse in Nashik
Source: Accord Fintech
9/09/2022 1:45:35 PM
Ecom Express integrates with ONDC for logistics services The Company will provide end-to-end logistics services to small sellers and retailers on the ONDC network Gurugram - Ecom Express Limited, one of India’s leading technology-enabled integrated logistics service providers, today announced that it is in an advanced stage of integration with the Open Network for Digital Commerce (ONDC) to provide end-to-end logistics services to small sellers and retailers on the ONDC network. The Company will be among the first logisti...
Ecom Express integrates with ONDC for logistics services
Ecom Express integrates with ONDC for logistics services
Source: PR Agency
23/08/2022 3:32:44 PM
Push for agro export promotion to achieve USD 23.56 billion target for 2022-23 In a renewed push for agro export promotion to achieve USD 23.56 billion target for 2022-23, APEDA, an export promotion body for agricultural products of the Ministry of Commerce & Industry has made an outreach strategy. Officials said that nearly 300 events will be organised under the plan in the current year for boosting exports. The APEDA (Agricultural and Processed Food Products Export Development Authority) has planned to create awareness among stakeholders of food export by highl...
Push for agro export promotion to achieve USD 23.56 billion target for 2022-23
Push for agro export promotion to achieve USD 23.56 billion target for 2022-23
Source: IANS
14/08/2022 3:18:07 PM
Mahindra Logistics shines on reporting 4-fold jump in Q1 consolidated net profit Mahindra Logistics is currently trading at Rs. 473.65, up by 8.35 points or 1.79% from its previous closing of Rs. 465.30 on the BSE. The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 476.75 and Rs. 465.00 respectively. So far 1449 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip stood...
Mahindra Logistics shines on reporting 4-fold jump in Q1 consolidated net profit
Mahindra Logistics shines on reporting 4-fold jump in Q1 consolidated net profit
Source: Accord Fintech
1/08/2022 10:45:10 AM
Mahindra Logistics gains on getting nod to incorporate new wholly owned subsidiaries Mahindra Logistics is currently trading at Rs. 488.85, up by 2.50 points or 0.51% from its previous closing of Rs. 486.35 on the BSE. The scrip opened at Rs. 489.45 and has touched a high and low of Rs. 495.00 and Rs. 486.30 respectively. So far 363 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip stood ...
Mahindra Logistics gains on getting nod to incorporate new wholly owned subsidiaries
Mahindra Logistics gains on getting nod to incorporate new wholly owned subsidiaries
Source: Accord Fintech
19/07/2022 10:30:43 AM
Piyush Goyal urges Commerce industry to work with government to bring down logistics cost to 7-8% Union Minister Piyush Goyal has urged the Commerce industry to work with the government to bring down the logistics cost from 12-14 percent to 7-8 percent as prevailing in the developed countries. Further, the minister emphasized the expansion of infra spending from Rs 2.5 lakh crore to Rs 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals, etc. He said that GatiShakti will help in efficient p...
Piyush Goyal urges Commerce industry to work with government to bring down logistics cost to 7-8%
Piyush Goyal urges Commerce industry to work with government to bring down logistics cost to 7-8%
Source: Accord Fintech
24/06/2022 12:35:31 PM
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr Logistics technology platform Shiprocket on Wednesday announced it has acquired a majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers for around $200 million (nearly Rs 1,560 crore). The cash, stock and earn-out deal will create a single gateway for other enablers and suppliers to service the digital retailer community and strengthen Shiprocket's position as the leading D2C enablement operating system, the company said in a stat...
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr
Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr
Source: IANS
15/06/2022 11:18:52 AM
Future Supply Chain Solutions falls on facing disruption in operations due to non-payment Future Supply Chain Solutions is currently trading at Rs. 37.55, down by 0.75 points or 1.96% from its previous closing of Rs. 38.30 on the BSE. The scrip opened at Rs. 39.10 and has touched a high and low of Rs. 39.10 and Rs. 36.40 respectively. So far 97281 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.95 on 16-Jun-2021 and a 52 week low of Rs. 24.00 on 12-May-2022. Last one week high and low of the scr...
Future Supply Chain Solutions falls on facing disruption in operations due to non-payment
Future Supply Chain Solutions falls on facing disruption in operations due to non-payment
Source: Accord Fintech
13/06/2022 11:20:02 AM
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct Investing in building sorting centres, automation… About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points. SME and corporate clients comprise 50:50 of overall revenues Total 55% of revenues from sectors like auto ancillary, pharma, engineering Q4FY22 Results: In line performance. Gurgaon centre has been commercialised. * Revenues...
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct
Source: ICICI Direct
8/06/2022 12:23:42 PM
Sector wise exports strategy will help to reduce trade deficit: PHD Chamber India’s trade deficit widened to a record $23.33 billion in May 2022 as imports grew at a faster pace compared to exports amid high commodity prices owing to the Russia-Ukraine conflict. India’s merchandise exports grew 15.46 per cent YoY to $37.29 billion in May. However, export growth fell by 7.2 per cent compared to last month, after witnessing record outbound shipments of over $40 billion in March and April, said Shri Pradeep Multani, President, PHDCCI Imports surged 56.14 ...
Sector wise exports strategy will help to reduce trade deficit: PHD Chamber
Sector wise exports strategy will help to reduce trade deficit: PHD Chamber
Source: PR Agency
3/06/2022 4:52:55 PM
Blue Dart Express hits new 52-week high on the bourses Blue Dart Express is currently trading at Rs. 7759.80, up by 104.00 points or 1.36% from its previous closing of Rs. 7655.80 on the BSE. The scrip opened at Rs. 7865.00 and has touched a high and low of Rs. 7865.00 and Rs. 7667.05 respectively. So far 777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7,865.00 on 02-Jun-2022 and a 52 week low of Rs. 5308.05 on 11-Aug-2021. Last one week high and low of the scr...
Blue Dart Express hits new 52-week high on the bourses
Blue Dart Express hits new 52-week high on the bourses
Source: Accord Fintech
2/06/2022 1:26:23 PM
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities Company Background TCI Express (TCIEXP) promoted by Mr. D.P. Agarwal & family, managed under the leadership of Mr. D.P. Agarwal, Chairman and Mr. Chander Agarwal, Managing Director, has emerged as amongst the fastest growing surface express logistics company, offering customised solutions. It enjoys ~5% market share with pan-India network comprising of 28 sorting centres (10 owned and 18 leased), 800+ branches, servicing 40,000+ pickup and delivery points through 5,000+ containerized v...
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities
Source: SKP Securities Ltd
1/06/2022 2:15:24 PM
DJ Mediaprint & Logistics jumps on securing contract from Bank of India DJ Mediaprint & Logistics is currently trading at Rs. 58.50, up by 1.60 points or 2.81% from its previous closing of Rs. 56.90 on the BSE. The scrip opened at Rs. 59.95 and has touched a high and low of Rs. 59.95 and Rs. 58.00 respectively. So far 12000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.88 on 25-Jan-2022 and a 52 week low of Rs. 24.50 on 15-Jul-2021. Last one week high and low of the scrip...
DJ Mediaprint & Logistics jumps on securing contract from Bank of India
DJ Mediaprint & Logistics jumps on securing contract from Bank of India
Source: Accord Fintech
31/05/2022 3:35:57 PM
Adani Ports and Special Economic Zone declines on reporting 22% fall in Q4 consolidated net profit Adani Ports and Special Economic Zone is currently trading at Rs. 713.85, down by 37.95 points or 5.05% from its previous closing of Rs. 751.80 on the BSE. The scrip opened at Rs. 736.50 and has touched a high and low of Rs. 744.05 and Rs. 708.60 respectively. So far 202304 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 924.65 on 27-Apr-2022 and a 52 week low of Rs. 638.00 on 18-Jun-2021. Last one week high and...
Adani Ports and Special Economic Zone declines on reporting 22% fall in Q4 consolidated net profit
Adani Ports and Special Economic Zone declines on reporting 22% fall in Q4 consolidated net profit
Source: Accord Fintech
25/05/2022 3:21:35 PM
Delhivery Ltd. debuts with 1.23% premium at Rs 493.00 Delhivery Ltd. makes a strong debut on the bourses with scrip got listed at Rs 493.00 on the Bombay Stock Exchange, a 1.23 per cent premium to its issue price of Rs 487.00. On the National Stock Exchange, the stock was listed at Rs 495.20. The company, which raised 10.75 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 1,074.95 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscr...
Delhivery Ltd. debuts with 1.23% premium at Rs 493.00
Delhivery Ltd. debuts with 1.23% premium at Rs 493.00
Source: Dion Global Solutions Ltd
24/05/2022 10:11:42 AM
Mahindra Logistics jumps on acquiring entire stake in Meru Travel Solutions Mahindra Logistics is currently trading at Rs. 474.55, up by 7.80 points or 1.67% from its previous closing of Rs. 466.75 on the BSE. The scrip opened at Rs. 468.50 and has touched a high and low of Rs. 477.85 and Rs. 468.50 respectively. So far 3894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip stood...
Mahindra Logistics jumps on acquiring entire stake in Meru Travel Solutions
Mahindra Logistics jumps on acquiring entire stake in Meru Travel Solutions
Source: Accord Fintech
18/05/2022 11:31:32 AM
Mahindra Logistics jumps on acquiring entire stake in MMTPL, VASPL,VFSPL Mahindra Logistics is currently trading at Rs. 465.50, up by 10.20 points or 2.24% from its previous closing of Rs. 455.30 on the BSE. The scrip opened at Rs. 461.30 and has touched a high and low of Rs. 479.90 and Rs. 456.50 respectively. So far 8065 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip stoo...
Mahindra Logistics jumps on acquiring entire stake in MMTPL, VASPL,VFSPL
Mahindra Logistics jumps on acquiring entire stake in MMTPL, VASPL,VFSPL
Source: Accord Fintech
13/05/2022 3:10:33 PM
IPO-bound Delhivery has promising growth potential: Samco Securities The Indian logistics business is poised for tremendous expansion, and the IPO-bound Delhivery, with its focus on the fast-growing e-commerce market, has promising growth potential ahead of it, said brokerage house Samco Securities. Although the company's revenues are increasing at a rapid pace, the company's EBITDA and cash flow from operations remains negative, the brokerage said in a note. "We expect that the company will continue to experience increasing cost pressures, ...
IPO-bound Delhivery has promising growth potential: Samco Securities
IPO-bound Delhivery has promising growth potential: Samco Securities
Source: IANS
11/05/2022 8:45:59 AM
Delhivery coming up with IPO to raise around Rs 5519 crore Delhivery Delhivery is coming out with a 100% book building; initial public offering (IPO) of 11,33,36,452 shares of Rs 1 each in a price band Rs 462-487 per equity share. Not more than 75% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 10% for the retail investors. The issue will open for subscriptio...
Delhivery coming up with IPO to raise around Rs 5519 crore
Delhivery coming up with IPO to raise around Rs 5519 crore
Source: Accord Fintech
9/05/2022 4:21:59 PM
ADD Mahindra Logistics Ltd For Target Rs 550 - ICICI Securities Margin improvement expected in Mahindra Logistics (MLL) highlighted that the supply chain management (SCM) segment has seen growth driven by auto, e-commerce, consumer and freight forwarding business. Margins were impacted by i) slowdown in farm volumes, ii) decline in gross margins of Enterprise Mobility segment and iii) loss in JV (2x2 logistics carriers). Levers for margin improvement are i) improvement and recovery program in manpower cost, inflation and productivity and ii) improved u...
ADD Mahindra Logistics Ltd For Target Rs 550 - ICICI Securities
ADD Mahindra Logistics Ltd For Target Rs 550 - ICICI Securities
Source: ICICI Securities Ltd
29/04/2022 11:48:55 AM
Mahindra Logistics shines despite reporting 10% fall in Q4 consolidated net profit Mahindra Logistics is currently trading at Rs. 522.35, up by 47.40 points or 9.98% from its previous closing of Rs. 474.95 on the BSE. The scrip opened at Rs. 481.55 and has touched a high and low of Rs. 532.90 and Rs. 476.95 respectively. So far 47896 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022. Last one week high and low of the scrip sto...
Mahindra Logistics shines despite reporting 10% fall in Q4 consolidated net profit
Mahindra Logistics shines despite reporting 10% fall in Q4 consolidated net profit
Source: Accord Fintech
27/04/2022 11:43:25 AM
DJ Mediaprint & Logistics moves up on securing orders for record room creation and digitization DJ Mediaprint & Logistics is currently trading at Rs. 58.45, up by 2.80 points or 5.03% from its previous closing of Rs. 55.65 on the BSE. The scrip opened at Rs. 55.65 and has touched a high and low of Rs. 58.45 and Rs. 55.65 respectively. So far 16000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.88 on 25-Jan-2022 and a 52 week low of Rs. 23.38 on 28-May-2021. Last one week high and low of the scrip...
DJ Mediaprint & Logistics moves up on securing orders for record room creation and digitization
DJ Mediaprint & Logistics moves up on securing orders for record room creation and digitization
Source: Accord Fintech
20/04/2022 3:24:17 PM
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal New branch additions to support volume growth We attended VRLL’s investor call to get a sense of the recent developments and business outlook in the Logistics sector. The management touched upon various aspects like: a) volume movement in recent times, b) rising fuel prices, c) branch addition strategy, and d) market share shift towards organized players. Here are the key takeaways from that interaction: Business activity: Logistics activity has been pretty strong in 4QFY22. VRLL ...
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/03/2022 2:14:37 PM
Logistics Sector Update - Logistics activity muted in Jan’22; freight rates improve slightly while diesel prices remain unchanged By Motilal Oswal Logistics activity muted in Jan’22; freight rates improve slightly while diesel prices remain unchanged * After a strong pick-up in Dec’ 21, logistics activity was muted in Jan’22. The e-way bill generations were down 4% MoM in Jan’22 and came in at 69m (+9% YoY) after a near all-time high bill generation of 72m in Dec’21. * Freight rates improved marginally by 2-3% during the month even as fuel prices were unchanged. Demand environment remained strong with...
Logistics Sector Update - Logistics activity muted in Jan’22; freight rates improve slightly while diesel prices remain unchanged By Motilal Oswal
Logistics Sector Update - Logistics activity muted in Jan’22; freight rates improve slightly while diesel prices remain unchanged By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/02/2022 12:17:21 PM
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities Confident of revenue and margin tidings  Bluedart Express (BDE) underlined positive tiding for volumes as well as margins. Management is witnessing strong demand environment with comfortable double digit growth in road express and high single digit growth in air express. Relentless focus on customer satisfaction and efficient service delivery is allowing BDE to comfortably pass on the inflation in the system. Management is not too concerned from resurgence of belly cargo and is seeing...
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities
Sell Blue Dart Express Ltd For Target Rs.4,426 - ICICI Securities
Source: ICICI Securities Ltd
5/02/2022 9:32:45 AM
Adani Ports gains on handling cargo volume of 24.74 MMT in January Adani Ports and Special Economic Zone is currently trading at Rs. 734.30, up by 0.90 points or 0.12% from its previous closing of Rs. 733.40 on the BSE. The scrip opened at Rs. 733.50 and has touched a high and low of Rs. 740.90 and Rs. 731.25 respectively. So far 48330 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 550.60 on 10-Feb-2021. Last one week high and low...
Adani Ports gains on handling cargo volume of 24.74 MMT in January
Adani Ports gains on handling cargo volume of 24.74 MMT in January
Source: Accord Fintech
4/02/2022 11:23:07 AM
Logistics SAS companies welcome PM Gati Shakti Plan announced in Budget The government's drive to boost efficiency in the logistics sector, which is critically linked to the growth of trade and economic activities, is undoubtedly a positive move that will eventually strengthen the sector, as highlighted by industry experts. Finance Minister Nirmala Sitharaman, in her Budget speech on Tuesday, announced 25,000 km of new highways, PM Gati Shakti Masterplan for expressways and 100 new cargo terminals with multi-modal logistics parks. She also announced an arr...
Logistics SAS companies welcome PM Gati Shakti Plan announced in Budget
Logistics SAS companies welcome PM Gati Shakti Plan announced in Budget
Source: IANS
3/02/2022 4:38:41 PM
VRL Logistics shines on reporting 52% rise in Q3 net profit VRL Logistics is currently trading at Rs. 497.85, up by 16.20 points or 3.36% from its previous closing of Rs. 481.65 on the BSE. The scrip opened at Rs. 487.00 and has touched a high and low of Rs. 514.90 and Rs. 475.20 respectively. So far 83669 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 534.00 on 11-Nov-2021 and a 52 week low of Rs. 197.00 on 04-Feb-2021. Last one week high and low of the scrip stood at...
VRL Logistics shines on reporting 52% rise in Q3 net profit
VRL Logistics shines on reporting 52% rise in Q3 net profit
Source: Accord Fintech
3/02/2022 3:28:28 PM
Adani Ports surges as its arm signs share purchase agreement with Seabird Marine Services Adani Ports and Special Economic Zone is currently trading at Rs. 723.30, up by 13.35 points or 1.88% from its previous closing of Rs. 709.95 on the BSE. The scrip opened at Rs. 721.70 and has touched a high and low of Rs. 723.60 and Rs. 717.50 respectively. So far 18842 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 500.20 on 01-Feb-2021. Last one week high and lo...
Adani Ports surges as its arm signs share purchase agreement with Seabird Marine Services
Adani Ports surges as its arm signs share purchase agreement with Seabird Marine Services
Source: Accord Fintech
31/01/2022 11:21:30 AM
Buy VRL Logistics Ltd For Target Rs.580 - Motilal Oswal Progressing at full throttle * VRL Logistics (VRL) is an established logistics operator primarily focusing on the high-margin LTL segment (90% contribution from LTL and 10% from FTL in FY21). VRL is one of the largest asset owners in the industry and is well placed to capitalize on the growth opportunity presented by the logistics sector. * VRL derived ~90% of its business from the Goods Transport (GT) segment, followed by 7% contribution from the Passenger Bus Service segment in FY21. ...
Buy VRL Logistics Ltd For Target Rs.580 - Motilal Oswal
Buy VRL Logistics Ltd For Target Rs.580 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
31/01/2022 9:47:06 AM
Logistics Sector Update - Momentum continues to build up By Edelweiss Financial Services Momentum continues to build up For Q3FY22, we highlight: i) road tonnage sustaining positive momentum, reflected in a 4% QoQ jump in E-Way Bill registrations; ii) Concor’s 7% YoY growth in volumes, and thus it should post strong growth on the back of much stronger margins; and iii) momentum in Blue Dart (BDE) should continue and reflect in robust earnings growth. In Q3FY22E, we expect Concor, BDE and – to a lesser extent – MLL to post standout results. Our top sector p...
Logistics Sector Update - Momentum continues to build up By Edelweiss Financial Services
Logistics Sector Update - Momentum continues to build up By Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
17/01/2022 3:16:29 PM
Buy VRL Logistics Ltd For Target Rs.540 - Motilal Oswal Well placed to capitalize * We hosted the management of VRLL to get an understanding of the current business scenario and its outlook. The management is optimistic on VRLL’s growth prospects over the next couple of years. A shift towards the organized sector would result in robust business opportunities for the larger players in this space. * In the near term, stabilization of fuel prices and improved volumes will benefit this sector. VRLL is focusing on the high-margin LTL busine...
Buy VRL Logistics Ltd For Target Rs.540 - Motilal Oswal
Buy VRL Logistics Ltd For Target Rs.540 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/01/2022 11:24:41 AM
Neutral Mahindra Logistics Ltd For Target Rs.725 - Motilal Oswal Slowdown in the Auto sector poses near term challenges * We released our Logistics thematic report recently, wherein we have stressed on the growth potential of the Indian logistics sector and the upcoming opportunities for value added services players like Mahindra Logistics (MLL). We had assigned a Neutral rating to MLL, due to: a) near to medium term growth challenges in the Auto sector, b) owing to its rich valuation. * The Auto sector has been facing challenges due to semiconductor...
Neutral Mahindra Logistics Ltd For Target Rs.725 - Motilal Oswal
Neutral Mahindra Logistics Ltd For Target Rs.725 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/12/2021 9:31:57 AM
Hold Mahindra Logistics Ltd For Target Rs.671 - ICICI Securities Acquires Meru from M&M Mahindra Logistics (MLL) has announced the acquisition of Meru. The deal consists of i) acquisition of 100% equity share capital of Meru Mobility Tech Private Limited, V-Link Fleet Solutions Private Limited and V-Link Automotive Services Private Limited from Meru Travel Solutions Private limited (MTSPL) – these are wholly owned subsidiaries of MTSPL and ii) acquisition of 100% equity share capital of MTSPL from Mahindra & Mahindra Limited (M&M). The...
Hold Mahindra Logistics Ltd For Target Rs.671 - ICICI Securities
Hold Mahindra Logistics Ltd For Target Rs.671 - ICICI Securities
Source: ICICI Securities Ltd
15/12/2021 10:33:56 AM