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India's Delhivery swings to Q1 profit on strong growth in key segments Logistics firm Delhivery swung to a first-quarter profit on strong growth in its supply chain, part truckload and express parcel services. The company reported a consolidated profit of 543.6 million rupees ($6.5 million) on Friday, from a loss of 894.8 million rupees a year ago. It had posted a narrower loss of 684.7 million rupees in the March 2024 quarter. For further earnings highlights, click: (Full story) KEY CONTEXT Delhivery reported revenue growth in three key segments ...
India's Delhivery swings to Q1 profit on strong growth in key segments
India's Delhivery swings to Q1 profit on strong growth in key segments
Source: Reuters
2024-08-02 06:13:21 pm
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47% Adani Ports and Special Economic Zone is currently trading at Rs. 1597.70, up by 8.30 points or 0.52% from its previous closing of Rs. 1589.40 on the BSE. The scrip opened at Rs. 1588.85 and has touched a high and low of Rs. 1598.60 and Rs. 1551.00 respectively. So far 143292 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 753.50 on 03-Aug-2023. Last one week high ...
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47%
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47%
Source: Accord Fintech
2024-08-02 11:56:54 am
Adani Logistics, SBI among industrial partners for Telangana Skill University Adani Logistics, O9 Solutions, Dr Reddy’s Labs, State Bank of India (SBI), National Academy of Construction (NAC), Retailers Association of India, and Telangana VFX, Animation and Gaming Association will be the industry partners for Telangana's Skill University, the state Assembly was informed on Thursday.   The Assembly passed the Young India Skill University Telangana (Public-Private Partnership) Bill, 2024, setting the stage for setting up of the institution which will eq...
Adani Logistics, SBI among industrial partners for Telangana Skill University
Adani Logistics, SBI among industrial partners for Telangana Skill University
Source: IANS
2024-08-02 09:42:24 am
Gconnect Logitech zooms on getting two orders for logistic, material handling Gconnect Logitech And Supply Chain is currently trading at Rs. 86.00, up by 3.40 points or 4.12% from its previous closing of Rs. 82.60 on the BSE. The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 86.00 and Rs. 85.00 respectively. So far 24000 shares were traded on the counter. The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.00 on 12-Jul-2024 and a 52 week low of Rs. 32.20 on 24-May-2024. Last one week high and low of the ...
Gconnect Logitech zooms on getting two orders for logistic, material handling
Gconnect Logitech zooms on getting two orders for logistic, material handling
Source: Accord Fintech
2024-07-12 02:04:21 pm
Buy JSW Infrastructure Ltd. For Target Rs.300 - Motilal Oswal Financial Services Volume growth to remain robust * Cargo volumes handled by JSW Infrastructure (JSWINFRA) exhibited YoY growth of 15% in FY24 to 106.5MMT from 93MMT in FY23 (three-year CAGR of 33% over FY21-24). Considering capacity ramp-up at existing ports along with higher share of volumes from third-party customers, we expect the growth momentum to continue. * Volume growth in FY24 was led by higher capacity utilization at the Iron Ore and Coal Terminals in Paradip and an increase in the proportion ...
Buy JSW Infrastructure Ltd. For Target Rs.300 - Motilal Oswal Financial Services
Buy JSW Infrastructure Ltd. For Target Rs.300 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-16 10:27:33 am
Buy Gateway Distriparks Ltd. For Target Rs.: 120 - JM Financial Securities Gateway Distriparks’ (GDL) 3QFY24 revenue grew 15% YoY/-1% QoQ to INR 3.93bn, 2% below JMFe. EBITDA/PAT grew 8%/16% YoY respectively on the back of higher profitability in the rail segment as higher double stacking (index at 42% vs. 35-37% earlier) and favourable mix (higher origination cargo in NCR) helped offset increased costs fully (IR imposed Busy Season Surcharge from w.e.f. 1 st Oct’23 and GDL has passed this on to its customers). Industry volume remained under pressure on ...
Buy Gateway Distriparks Ltd. For Target Rs.: 120 - JM Financial Securities
Buy Gateway Distriparks Ltd. For Target Rs.: 120 - JM Financial Securities
Source: JM Financial Services
2024-05-01 10:42:04 am
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services CMP: INR6,450 TP: INR7,850 (+22%) Buy Newly acquired aircraft to see gradual improvement in utilization levels Revenue in line; a slight miss on margins * Blue Dart Express (BDE)’s revenue grew 3% YoY to INR13.8b in 3QFY24 (in line). BDE handled 0.31m tonnes of cargo volume (+3% YoY), while the realization improved ~1% YoY to INR 44/kg. It carried 92m shipments in 3Q. * EBITDA margin came in at 9.7% in 3QFY24 (v/s our estimate of 9.9%). The margin was lower by ~160bp YoY, mainl...
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs. 7,850 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-04-29 02:09:52 pm
Delhivery rises on extending partnership with Plix Delhivery is currently trading at Rs. 473.20, up by 2.70 points or 0.57% from its previous closing of Rs. 470.50 on the BSE. The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 482.70 and Rs. 469.00 respectively. So far 112969 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 488.05 on 05-Feb-2024 and a 52 week low of Rs. 314.05 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. ...
Delhivery rises on extending partnership with Plix
Delhivery rises on extending partnership with Plix
Source: Accord Fintech
2024-02-28 10:38:33 am
Logistics Sector Update : Freight & Cargo Monthly By Emkay Global Financial Services We monitor monthly indicators to assess freight and cargo movement across the road, port and rail networks. For Oct-23, rail cargo volumes, GST e-way bill generation and major port volumes registered strong growth of 9%, 30% and 14% YoY, respectively, indicating buoyed activity at the start of the festive season. Rail container cargo volumes in Oct-23 increased 14% YoY, suggesting positive volume trends for rail logistics operators, such as Container Corporation of India (Not Rated) and Gatew...
Logistics Sector Update : Freight & Cargo Monthly By Emkay Global Financial Services
Logistics Sector Update : Freight & Cargo Monthly By Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-28 11:55:51 am
Logistics unicorn Xpressbees raises $80 mn from Teachers` Venture Growth  B2B logistics service provider Xpressbees has raised $80 million from Teachers’ Venture Growth (TVG), the investment arm of Ontario Teachers’ Pension Plan. The Canadian pension fund acquired a stake in the Pune-headquartered startup at about $1.4 billion valuation, according to reports. This investment will be used to help drive further growth for the Xpressbees platform and support the company’s management team with their future ambitions, the company said in a ...
Logistics unicorn Xpressbees raises $80 mn from Teachers` Venture Growth
Logistics unicorn Xpressbees raises $80 mn from Teachers` Venture Growth
Source: IANS
2023-11-07 04:07:46 pm
Delhivery jumps on getting nod to acquire additional stake in Falcon Autotech Delhivery is currently trading at Rs. 407.65, up by 5.40 points or 1.34% from its previous closing of Rs. 402.25 on the BSE. The scrip opened at Rs. 401.95 and has touched a high and low of Rs. 409.00 and Rs. 395.95 respectively. So far 34509 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 452.00 on 05-Sep-2023 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 jumps on getting nod to acquire additional stake in Falcon Autotech
Delhivery jumps on getting nod to acquire additional stake in Falcon Autotech
Source: Reuters
2023-11-06 01:57:52 pm
Buy TCI Express Ltd For Target Rs.1,700 - Motilal Oswal Financial Services In-line performance; volume growth likely to improve in 2HFY24* TCI Express (TCIE)?s 2QFY24 revenue grew 3% YoY to ~INR3.2b, in line with our estimate. Volume stood at 0.25m tonnes (+2% YoY), while realization rose ~1% during the quarter. In 1HFY24, volume grew ~3% YoY (0.49m tonnes). Utilization improved sequentially to 84%. Volumes were impacted by the shift of festival-linked demand to Oct?23. Hence, 3QFY24 is expected to witness strong volume growth.* EBITDA stood at INR505m with ma...
Buy TCI Express Ltd For Target Rs.1,700 - Motilal Oswal Financial Services
Buy TCI Express Ltd For Target Rs.1,700 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-20 11:33:00 am
Alphalogic Industries shines on bagging order from Scootsy Logistics Alphalogic Industries is currently trading at Rs. 240.00, up by 8.40 points or 3.63% from its previous closing of Rs. 231.60 on the BSE.The scrip opened at Rs. 254.75 and has touched a high and low of Rs. 254.75 and Rs. 222.10 respectively. So far 43200 shares were traded on the counter.The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.75 on 09-Oct-2023 and a 52 week low of Rs. 95.60 on 21-Jul-2023.Last one week high and low of the scrip stood at Rs. 254.75 an...
Alphalogic Industries shines on bagging order from Scootsy Logistics
Alphalogic Industries shines on bagging order from Scootsy Logistics
Source: Accord Fintech
2023-10-09 03:03:56 pm
DJ Mediaprint climbs on bagging order worth Rs 2.30 crore DJ Mediaprint & Logistics is currently trading at Rs. 156.10, up by 3.35 points or 2.19% from its previous closing of Rs. 152.75 on the BSE.The scrip opened at Rs. 154.05 and has touched a high and low of Rs. 162.00 and Rs. 152.70 respectively. So far 3847 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 209.30 on 16-May-2023 and a 52 week low of Rs. 84.95 on 09-Sep-2022.Last one week high and low of the scrip stood at Rs. 16...
DJ Mediaprint climbs on bagging order worth Rs 2.30 crore
DJ Mediaprint climbs on bagging order worth Rs 2.30 crore
Source: Accord Fintech
2023-09-11 03:39:00pm