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AVG Logistics rises on securing order from leading cement company AVG Logistics is currently trading at Rs. 420.80, up by 4.05 points or 0.97% from its previous closing of Rs. 416.75 on the BSE. The scrip opened at Rs. 413.70 and has touched a high and low of Rs. 426.20 and Rs. 410.45 respectively. So far 2702 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 665.40 on 27-Feb-2024 and a 52 week low of Rs. 313.35 on 21-Dec-2023. Last one week high and low of the scrip stood at R...
AVG Logistics rises on securing order from leading cement company
AVG Logistics rises on securing order from leading cement company
Source: Accord Fintech
2024-12-13 10:58:44 am
Government plans to cut logistics costs to single digit in 2-3 years: Nitin Gadkari The government aims to cut the logistics costs in the country to single-digit levels in the next two-three years, according to Union Minister of Road Transport and Highways, Nitin Gadkari.  The logistics cost in India is currently 14-16 per cent and “we will reduce the logistics costs as far as speed is concerned. I am sure that within two to three years, the logistics cost will be nine per cent, which would significantly enhance India’s economic competitiveness”, sa...
Government plans to cut logistics costs to single digit in 2-3 years: Nitin Gadkari
Government plans to cut logistics costs to single digit in 2-3 years: Nitin Gadkari
Source: IANS
2024-12-08 12:09:09 pm
Buy Delhivery Ltd For Target Rs.475 By Emkay Global Financial Services Mixed bag; awaiting industry headwinds to recede Delhivery’s performance in the PTL segment remains robust, although it continues to face headwinds in B2C owing to weak consumption trends and insourcing by Meesho. With the management alluding to a series of initiatives for sprucing up B2C volumes, we believe Delhivery’s cost and tech advantages should help further bolster its market share. While service EBITDA margin contracted sequentially on account of network expansion in an...
Buy Delhivery Ltd For Target Rs.475 By Emkay Global Financial Services
Buy Delhivery Ltd For Target Rs.475 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-12-01 02:03:06 pm
Tiger Logistics rises on renewing partnerships with three prominent PSUs Tiger Logistics (India) is currently trading at Rs. 71.40, up by 0.46 points or 0.65% from its previous closing of Rs. 70.94 on the BSE. The scrip opened at Rs. 71.90 and has touched a high and low of Rs. 71.99 and Rs. 70.35 respectively. So far 104630 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.00 on 12-Jan-2024 and a 52 week low of Rs. 31.99 on 23-Jul-2024. Last one week high and low of the scrip stood ...
Tiger Logistics rises on renewing partnerships with three prominent PSUs
Tiger Logistics rises on renewing partnerships with three prominent PSUs
Source: Accord Fintech
2024-11-29 11:37:05 am
Buy VRL Logistics Ltd For Target Rs.625 By Emkay Global Financial Services Higher capex overshadows strong margin outlook VRLL’s Q2FY25 EBITDA beat street/our estimates by 22%/25%, respectively, as realizations improved 8% YoY owing to price hikes undertaken across customers. Management’s plan to acquire transshipment hubs via internal accruals and borrowings is expected to strain VRL’s balance sheet and return ratios in the near term, but given the strategic nature of the investment, should be value accretive over the long term. With various pl...
Buy VRL Logistics Ltd For Target Rs.625 By Emkay Global Financial Services
Buy VRL Logistics Ltd For Target Rs.625 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-24 04:56:03 pm
Buy Container Corporation of India Ltd For Target Rs.1,050 By Motilal Oswal Financial Services Ltd Decent performance; maintains volume guidance for FY25 despite challenges in EXIM * Container Corporation of India (CCRI)’s revenues grew 4% YoY to INR22.8b during 2QFY25 (in line with our estimate). Total volumes grew 6% YoY to 1.3m TEUs with EXIM/Domestic volumes at 1.0m/0.29m TEUs, respectively (+4%/+14% YoY). * Blended realization declined ~2% YoY to INR17,516/TEU. EXIM/Domestic realization stood at INR15,232/INR25,231 per TEU, respectively (+2%/-12% YoY). EBITDA mar...
Buy Container Corporation of India Ltd For Target Rs.1,050 By Motilal Oswal Financial Services Ltd
Buy Container Corporation of India Ltd For Target Rs.1,050 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 06:17:46 pm
Neutral TCI Express Ltd For Target Rs.1,060 By Motilal Oswal Financial Services Ltd Weak volumes continue to hurt profitability Performance below our estimates * TCI Express (TCIE)’s 2QFY25 revenue decreased 3% YoY to ~INR3.1b (7% below our estimate), while volumes declined ~1% YoY. Volumes were hit by slower growth in the manufacturing, automobiles, and textile sectors. The quarter also saw several challenges, such as higher costs from multimodal enhancements and high inflation adversely affecting customers. * Volumes stood at 0.25m tonnes (-2% YoY)...
Neutral TCI Express Ltd For Target Rs.1,060 By Motilal Oswal Financial Services Ltd
Neutral TCI Express Ltd For Target Rs.1,060 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 02:33:39 pm
Western Carriers jumps on bagging contract worth Rs 41 crore Western Carriers (India) is currently trading at Rs. 149.30, up by 3.90 points or 2.68% from its previous closing of Rs. 145.40 on the BSE. The scrip opened at Rs. 149.00 and has touched a high and low of Rs. 151.05 and Rs. 146.25 respectively. So far 32280 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 177.00 on 24-Sep-2024 and a 52 week low of Rs. 140.95 on 07-Oct-2024. Last one week high and low of the scrip...
Western Carriers jumps on bagging contract worth Rs 41 crore
Western Carriers jumps on bagging contract worth Rs 41 crore
Source: Accord Fintech
2024-10-18 12:22:55 pm
DJ Mediaprint rises on partnering with Trimcraft International DJ Mediaprint & Logistics is currently trading at Rs. 126.45, up by 1.05 points or 0.84% from its previous closing of Rs. 125.40 on the BSE. The scrip opened at Rs. 126.30 and has touched a high and low of Rs. 126.45 and Rs. 126.30 respectively. So far 2400 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.00 on 12-Sep-2024 and a 52 week low of Rs. 42.67 on 13-Mar-2024. Last one week high and low of the s...
DJ Mediaprint rises on partnering with Trimcraft International
DJ Mediaprint rises on partnering with Trimcraft International
Source: Accord Fintech
2024-10-03 02:37:00 pm
Western Carriers (India) makes muted debut on the BSE Western Carriers (India) has debuted at Rs 170.00 on the BSE, down by 2 points or 1.16% from its issue price of Rs 172.00.  The scrip is currently trading at Rs 168.30, down by 3.7 points or 2.15% from its issue price.  It has touched a high and low of Rs 177.00 and Rs 164.05 respectively. So far 12.25 lakh shares were traded on the counter. The offering, which was open for subscription between September 13, 2024 and September 18, 2024 was subscribed around 30 times. The is...
Western Carriers (India) makes muted debut on the BSE
Western Carriers (India) makes muted debut on the BSE
Source: Accord Fintech
2024-09-24 11:40:16 am
Indian container logistics players should remain agile as peak season nears  India's container market has shown significant fluctuations over the past few months and as the peak season nears, the shipping container prices surged by 50.4 per cent from April to August 2024, reaching $2,340 in Chennai, a report showed on Friday.  The August analysis for India reveals a shifting sentiment in container price expectations, according to the latest ‘Container Price Sentiment Index’ by industry technology platform Container xChange. Companies o...
Indian container logistics players should remain agile as peak season nears
Indian container logistics players should remain agile as peak season nears
Source: IANS
2024-09-06 02:23:21 pm
Ecom Express Named Among India's Best Workplaces in Transportation & Logistics by Great Place to Work  Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, announced that it has been recognized amongst the best in the Transportation & Logistics industry by the Great Place to Work® Institute. This is also the third consecutive year that the company has been certified as a Great Place to Work which highlights the dedication of the employees who, by upholding the company’s values of teamwork, respect, fairness, and collaborative decision...
Ecom Express Named Among India's Best Workplaces in Transportation & Logistics by Great Place to Work
Ecom Express Named Among India's Best Workplaces in Transportation & Logistics by Great Place to Work
Source: PR Agency
2024-07-15 02:20:22 pm
AVG Logistics zooms on securing UPSRTC Tender as Authorized Partner for Express Parcel Services AVG Logistics is currently trading at Rs. 495.65, up by 24.40 points or 5.18% from its previous closing of Rs. 471.25 on the BSE. The scrip opened at Rs. 480.40 and has touched a high and low of Rs. 510.95 and Rs. 480.40 respectively. So far 11188 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 665.40 on 27-Feb-2024 and a 52 week low of Rs. 240.15 on 06-Sep-2023. Last one week high and low of the scrip stood at...
AVG Logistics zooms on securing UPSRTC Tender as Authorized Partner for Express Parcel Services
AVG Logistics zooms on securing UPSRTC Tender as Authorized Partner for Express Parcel Services
Source: Accord Fintech
2024-07-12 11:14:39 am
Allcargo Gati Limited raises Rs 169.28 crores through QIP Allcargo Gati Limited (Formerly Gati Limited) one of India’s Leading Express Logistics Company, successfully raised Rs. 169.28 crores by way of issue of equity shares through a QIP (Qualified Institutional Placement) in accordance with the SEBI ICDR Regulations.   In respect of the Issue, the Fund Raise Committee of the Board of Directors of the Company at its meeting held on June 28, 2024, has approved the issue and allotment to successful qualified institutional buyers at t...
Allcargo Gati Limited raises Rs 169.28 crores through QIP
Allcargo Gati Limited raises Rs 169.28 crores through QIP
Source: PR Agency
2024-07-02 03:59:59 pm
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air 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 ...
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air
Blue Dart Express gains on launching drone deliveries in collaboration with Skye Air
Source: Accord Fintech
2024-06-20 10:09:59 am
TVS Supply Chain surges on inking 5-year strategic contract with Daimler Truck South East Asia TVS Supply Chain Solutions is currently trading at Rs. 181.40, up by 12.10 points or 7.15% from its previous closing of Rs. 169.30 on the BSE. The scrip opened at Rs. 175.05 and has touched a high and low of Rs. 182.55 and Rs. 175.05 respectively. So far 273765 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.95 on 11-Sep-2023 and a 52 week low of Rs. 145.40 on 13-Mar-2024. Last one week high and low of the s...
TVS Supply Chain surges on inking 5-year strategic contract with Daimler Truck South East Asia
TVS Supply Chain surges on inking 5-year strategic contract with Daimler Truck South East Asia
Source: Accord Fintech
2024-06-12 10:52:55 am
Mahindra Logistics rises on executing JV agreement with Seino Mahindra Logistics is currently trading at Rs. 436.70, up by 1.45 points or 0.33% from its previous closing of Rs. 435.25 on the BSE. The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 440.95 and Rs. 425.95 respectively. So far 7099 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 492.60 on 09-Apr-2024 and a 52 week low of Rs. 347.15 on 25-Oct-2023. Last one week high and low of the scrip stood...
Mahindra Logistics rises on executing JV agreement with Seino
Mahindra Logistics rises on executing JV agreement with Seino
Source: Accord Fintech
2024-05-31 03:57:22 pm
Allcargo Logistics announces Q4FY24 results; Reports 99 Cr EBITDA Allcargo Logistics Limited has announced its financial results for the quarter ended March 31, 2024. Key highlights: * International Supply Chain business is witnessing green shoots of growth expected in second half of 2024. Freight rates have started increasing despite an additional supply of 1 million TEUs in container shipping capacity in 2024. * ECU Worldwide had a flat quarter compared to the previous quarter and we expect momentum to start building from April leading to t...
Allcargo Logistics announces Q4FY24 results; Reports 99 Cr EBITDA
Allcargo Logistics announces Q4FY24 results; Reports 99 Cr EBITDA
Source: PR Agency
2024-05-27 12:45:10 pm
India's Adani Ports posts bigger Q4 profit on strong cargo volumes  Adani Ports and Special Economic Zone, India's largest private port operator, posted a 76% rise in its fourth-quarter profit on Thursday, helped by a jump in cargo volumes. The company, part of billionaire Gautam Adani's conglomerate, said its consolidated net profit rose to 20.40 billion rupees ($244.6 million) in the quarter ended March 31, from 11.58 billion rupees a year earlier. ($1 = 83.3970 Indian rupees)
India's Adani Ports posts bigger Q4 profit on strong cargo volumes
India's Adani Ports posts bigger Q4 profit on strong cargo volumes
Source: Reuters
2024-05-02 01:50:46 pm
AVG Logistics climbs on securing contract worth Rs 50 crore AVG Logistics is currently trading at Rs. 562.90, up by 17.75 points or 3.26% from its previous closing of Rs. 545.15 on the BSE. The scrip opened at Rs. 554.90 and has touched a high and low of Rs. 566.45 and Rs. 549.25 respectively. So far 6912 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 665.40 on 27-Feb-2024 and a 52 week low of Rs. 185.20 on 15-May-2023. Last one week high and low of the scrip stood at ...
AVG Logistics climbs on securing contract worth Rs 50 crore
AVG Logistics climbs on securing contract worth Rs 50 crore
Source: Accord Fintech
2024-04-29 03:17:22 pm
AVG Logistics surges on securing long term contract worth Rs 105 crore AVG Logistics is currently trading at Rs. 629.75, up by 8.50 points or 1.37% from its previous closing of Rs. 621.25 on the BSE. The scrip opened at Rs. 607.95 and has touched a high and low of Rs. 665.40 and Rs. 595.55 respectively. So far 70107 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 665.40 on 27-Feb-2024 and a 52 week low of Rs. 185.20 on 15-May-2023. Last one week high and low of the scrip stood at ...
AVG Logistics surges on securing long term contract worth Rs 105 crore
AVG Logistics surges on securing long term contract worth Rs 105 crore
Source: Accord Fintech
2024-02-27 12:26:54 pm
Transport Corporation of India gains on incorporating wholly owned subsidiary in Dubai Transport Corporation Of India is currently trading at Rs. 858.95, up by 3.10 points or 0.36% from its previous closing of Rs. 855.85 on the BSE. The scrip opened at Rs. 861.55 and has touched a high and low of Rs. 864.65 and Rs. 844.65 respectively. So far 2898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1080.00 on 01-Feb-2024 and a 52 week low of Rs. 591.00 on 17-Apr-2023. Last one week high and low of the...
Transport Corporation of India gains on incorporating wholly owned subsidiary in Dubai
Transport Corporation of India gains on incorporating wholly owned subsidiary in Dubai
Source: Accord Fintech
2024-02-21 03:50:37 pm
CONCOR shines on extending contract with CCBL Container Corporation Of India is currently trading at Rs. 983.00, up by 27.30 points or 2.86% from its previous closing of Rs. 955.70 on the BSE. The scrip opened at Rs. 955.50 and has touched a high and low of Rs. 987.55 and Rs. 951.65 respectively. So far 430810 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 987.55 on 16-Feb-2024 and a 52 week low of Rs. 555.00 on 29-Mar-2023. Last one week high and low of t...
CONCOR shines on extending contract with CCBL
CONCOR shines on extending contract with CCBL
Source: Accord Fintech
2024-02-16 03:33:54 pm
India`s Delhivery posts first-ever profit on back of festive season demand  Indian logistics firm Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season. Consolidated profit for the three months ended Dec. 31 was 117.1 million rupees ($1.41 million) compared with a loss of 1.96 billion rupees a year earlier, the company said in an exchange filing. "We are satisfied that network quality remained robust even through the peak season," said Sahil Barua, MD &...
India`s Delhivery posts first-ever profit on back of festive season demand
India`s Delhivery posts first-ever profit on back of festive season demand
Source: Reuters
2024-02-02 06:13:00 pm
Railway stocks travel faster on announcement of converting Rail Bogies to Vande Bharat Standards Railway stocks edged higher after Finance Minister announced conversion of 40,000 Rail Bogies to Vande Bharat Standards. Moreover, the government will build 3 railway Corridors - Energy, Mineral and Cement. Texmaco Rail & Engineering is currently trading at Rs. 222.85, up by 3.25 points or 1.48 % from its previous closing of Rs. 219.60 on the BSE. The scrip opened at Rs. 223.00 and has touched a high and low of Rs. 229.00 and Rs. 219.05 respectively. So far 627768 shares were traded on...
Railway stocks travel faster on announcement of converting Rail Bogies to Vande Bharat Standards
Railway stocks travel faster on announcement of converting Rail Bogies to Vande Bharat Standards
Source: Accord Fintech
2024-02-01 01:38:15 pm
Shreeji Translogistics shines on securing new contract with Turkish Airlines Shreeji Translogistics is currently trading at Rs. 58.40, up by 2.13 points or 3.79% from its previous closing of Rs. 56.27 on the BSE. The scrip opened at Rs. 57.99 and has touched a high and low of Rs. 59.90 and Rs. 57.25 respectively. So far 514492 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 90.47 on 17-Jan-2023 and a 52 week low of Rs. 52.40 on 06-Jun-2023. Last one week high and low of the scrip stood a...
Shreeji Translogistics shines on securing new contract with Turkish Airlines
Shreeji Translogistics shines on securing new contract with Turkish Airlines
Source: Accord Fintech
2024-01-08 11:27:11 am
India`s merchandise exports decline by 2.83% to $33.90 billion in November 2023 The commerce ministry in its latest data has said that India’s merchandise exports declined by 2.83 per cent to $33.90 billion in November 2023 as compared to $34.89 billion a year ago. Imports also declined to $54.48 billion in the month under consideration, as against $56.95 billion recorded in November 2022. However, the country's trade deficit exhibited a positive trend, narrowing to $20.58 billion in November.  According to the data, merchandise exports for the period A...
India`s merchandise exports decline by 2.83% to $33.90 billion in November 2023
India`s merchandise exports decline by 2.83% to $33.90 billion in November 2023
Source: Accord Fintech
2023-12-18 11:38:31 am
Bike-taxi startup Rapido enters cab biz with intra-city mobility solution  Bike-taxi startup Rapido on Tuesday announced its strategic entry into the cab business, with launching an intra-city, SaaS-based mobility solution with Rapido Cabs. With a 60 per cent market share in bike taxis, the startup has expanded its footprint with Rapido Cabs, introducing an initial fleet of 1 lakh vehicles. “Our innovative SaaS-based platform revolutionizes the conventional commission system for drivers, tackling the persistent challenge of commission sharing with ...
Bike-taxi startup Rapido enters cab biz with intra-city mobility solution
Bike-taxi startup Rapido enters cab biz with intra-city mobility solution
Source: IANS
2023-12-05 06:24:05 pm
AVG Logistics rises on bagging contract worth Rs 150 crore AVG Logistics is currently trading at Rs. 321.15, up by 1.25 points or 0.39% from its previous closing of Rs. 319.90 on the BSE. The scrip opened at Rs. 319.85 and has touched a high and low of Rs. 325.00 and Rs. 316.25 respectively. So far 22830 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 337.00 on 22-Nov-2023 and a 52 week low of Rs. 185.20 on 15-May-2023. Last one week high and low of the scrip stood at ...
AVG Logistics rises on bagging contract worth Rs 150 crore
AVG Logistics rises on bagging contract worth Rs 150 crore
Source: Accord Fintech
2023-12-05 02:35:51 pm
IndiGo gains on commencing operations to and from Gondia Interglobe Aviation is currently trading at Rs. 2840.00, up by 21.20 points or 0.75% from its previous closing of Rs. 2818.80 on the BSE. The scrip opened at Rs. 2825.00 and has touched a high and low of Rs. 2849.00 and Rs. 2809.50 respectively. So far 1868 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2860.00 on 04-Dec-2023 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the sc...
IndiGo gains on commencing operations to and from Gondia
IndiGo gains on commencing operations to and from Gondia
Source: Accord Fintech
2023-12-05 10:44:28 am
Buy Container Corporation Ltd For Target Rs .840 - Motilal Oswal Financial Services Ltd Lower LLF provisioning drives EBITDA; volume growth set to improve * Container Corporation (CCRI) reported volume growth of 8% YoY in 2QFY24. Revenues increased 11% YoY to INR21.9b in 2QFY24 (6% above our estimate). Total volumes increased 8% YoY to 1.23m TEUs with EXIM/Domestic volumes at 0.97m/0.26m TEUs (up 4%/up 26% YoY). Domestic volumes were 17% above our estimate, while EXIM volumes were largely in line with our estimate. * Blended realization increased 3% YoY to INR17,797/TEU. E...
Buy Container Corporation Ltd For Target Rs .840 - Motilal Oswal Financial Services Ltd
Buy Container Corporation Ltd For Target Rs .840 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-02 10:46:39 am
Buy Gateway Distriparks Ltd For Target Rs.100 - JM Financial Institutional Securities Ltd Gateway Distriparks’ (GDL) 2QFY24 revenue grew 11% YoY, led by 5% rise in blended realisation and volume each. Rail revenue grew 15% YoY led by robust volume growth of 12% YoY on account of spillover from 1Q (impacted by cyclone Biparjoy and certain double stack restrictions). Exports volume saw an uptick in 2Q, mainly at the Gurgaon terminal on account of improved exports of automobiles and reefer. Volume at Kashipur was maintained at the monthly run rate of 3-3.5k TEU/month during the...
Buy Gateway Distriparks Ltd For Target Rs.100 - JM Financial Institutional Securities Ltd
Buy Gateway Distriparks Ltd For Target Rs.100 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-11-29 12:24:25 pm
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets Blue Dart Express is currently trading at Rs. 7024.95, up by 84.75 points or 1.22% from its previous closing of Rs. 6940.20 on the BSE. The scrip opened at Rs. 7069.95 and has touched a high and low of Rs. 7069.95 and Rs. 6951.85 respectively. So far 142 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7934.00 on 02-Jan-2023 and a 52 week low of Rs. 5633.00 on 08-May-2023. Last one week high and low of the scrip...
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets
Blue Dart Express rises on inaugurating 40 new franchisees, company-owned retail outlets
Source: Accord Fintech
2023-11-29 10:50:21 am
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services Volumes to improve with higher capacity utilization of the newly added aircraft Result slightly below estimates; margins improve QoQ * Blue Dart Express (BDE)’s revenue was flat YoY at INR13.2b in 2QFY24 (in line). BDE handled 0.3m tonnes of cargo volume (+4% YoY), while its realization dropped ~4% YoY to INR 43.1/kg due to a higher share of surface express during the quarter. BDE carried 92m shipments in 2QFY24. * EBITDA margin came in at 9.9% in 2QFY24 (v/s our estimate of 10...
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs.7,540 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-26 09:38:40 am
CONCOR rises on partnering with IGL to propel sustainable transportation CONCOR is currently trading at Rs. 754.00, up by 3.00 points or 0.40% from its previous closing of Rs. 751.00 on the BSE. The scrip opened at Rs. 753.00 and has touched a high and low of Rs. 766.55 and Rs. 752.45 respectively. So far 21442 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 791.50 on 09-Dec-2022 and a 52 week low of Rs. 555.00 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs. 766....
CONCOR rises on partnering with IGL to propel sustainable transportation
CONCOR rises on partnering with IGL to propel sustainable transportation
Source: Accord Fintech
2023-11-21 12:05:20 pm
Shreeji Translogistics soars on executing railway rake H&S, transportation services at 3 locations Shreeji Translogistics is currently trading at Rs. 73.96, up by 7.45 points or 11.20% from its previous closing of Rs. 66.51 on the BSE. The scrip opened at Rs. 67.89 and has touched a high and low of Rs. 79.81 and Rs. 53.21 respectively. So far 106825 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.63 on 07-Dec-2022 and a 52 week low of Rs. 52.40 on 06-Jun-2023. Last one week high and low of the scrip stood ...
Shreeji Translogistics soars on executing railway rake H&S, transportation services at 3 locations
Shreeji Translogistics soars on executing railway rake H&S, transportation services at 3 locations
Source: Accord Fintech
2023-11-20 11:46:46 am
Buy Delhivery Ltd For Target Rs.490 - Emkay Global Financial Services Despite seasonality, Delhivery’s performance in surface express continues to remain robust. Regaining lost wallet share during Spoton’s integration along with yield improvement in the PTL business underpins management’s focus on improving profitability together with gaining market share. With a bulk of the network expansion investment for FY24 completed and pickup in demand imminent in Q3 (B2C monthly volume run rate up over 15% vs. Q2 average), H2 should see decent operatin...
Buy Delhivery Ltd For Target Rs.490 - Emkay Global Financial Services
Buy Delhivery Ltd For Target Rs.490 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-16 02:44:51 pm
Shreeji Translogistics rises on the BSE Shreeji Translogistics is currently trading at Rs. 69.50, up by 0.22 points or 0.32% from its previous closing of Rs. 69.28 on the BSE. The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 73.00 and Rs. 67.50 respectively. So far 35421 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.63 on 07-Dec-2022 and a 52 week low of Rs. 52.40 on 06-Jun-2023. Last one week high and low of the scrip stood at...
Shreeji Translogistics rises on the BSE
Shreeji Translogistics rises on the BSE
Source: Accord Fintech
2023-11-16 12:55:34 pm
Buy Container Corporation Ltd For Target Rs 810 JM Financial Institutional Securities Container Corporation’s (CCRI) 2QFY24 revenue rose 11% YoY (+6% 4-year CAGR) to INR 21.9bn (c.3% above JMFe/Consensus). EXIM volume (originating basis) rose 14% YoY, on a low base (+2% 4-yr CAGR), as weak exports were offset by strong imports. On QoQ basis, EXIM volume rose 16% QoQ (Jun’23 cyclone effect), in line with Indian Rail (+16%), implying stable market share QoQ. Revenue/TEU declined 2% YoY (due to introduction of schemes for regaining market share), offsetting the strong...
Buy Container Corporation Ltd For Target Rs 810 JM Financial Institutional Securities
Buy Container Corporation Ltd For Target Rs 810 JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-11-15 12:43:59 pm
Accumulate Transport Corporation of India Ltd For Target Rs.938 - Geojit Financial Services Modest Q2...outlook intact Transport Corporation of India Ltd. (TCI) is one of the largest integrated players in the organised logistics industry. Key business segments include freight, supply chain, warehousing solutions, & shipping services. • Revenue grew by a modest 7% YoY, supported by healthy volume from supply chain businesses, but was marginally below our expectations. • EBITDA grew by a modest 5% YoY, and margins dipped by 20bps YoY to 10.1%. This was on accoun...
Accumulate Transport Corporation of India Ltd For Target Rs.938 - Geojit Financial Services
Accumulate Transport Corporation of India Ltd For Target Rs.938 - Geojit Financial Services
Source: Geojit Financial Services
2023-11-07 02:19:23 pm
Transport Corporation of India gains on inking agreement for two cellular container vessels Transport Corporation of India is currently trading at Rs. 799.10, up by 10.30 points or 1.31% from its previous closing of Rs. 788.80 on the BSE.The scrip opened at Rs. 780.80 and has touched a high and low of Rs. 800.85 and Rs. 773.05 respectively. So far 920 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 862.20 on 21-Sep-2023 and a 52 week low of Rs. 556.05 on 23-Dec-2022.Last one week high and low of the scrip stood at Rs. 8...
Transport Corporation of India gains on inking agreement for two cellular container vessels
Transport Corporation of India gains on inking agreement for two cellular container vessels
Source: Accord Fintech
2023-10-25 12:38:19 pm
Buy Transport Corporation of India Ltd For Target Rs.930 - Motilal Oswal Financial Services Enters into an agreement to buy two new shipsCapacity addition to boost earnings in this high-margin segment* Transport Corporation of India (TRPC) has entered into an agreement to buy two new ships of ~7,300 MT each for a consideration of USD34m (~INR 2.7b). TRPC currently has six ships with a total capacity of 77,957 MT. These new ships would add another 14,600 MT to the total capacity. * The agreement has been jointly entered by TRPC and a consortium of sellers led by Nakanishi Shipbu...
Buy Transport Corporation of India Ltd For Target Rs.930 - Motilal Oswal Financial Services
Buy Transport Corporation of India Ltd For Target Rs.930 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-25 12:25:41 pm
Transport Corporation of India trades higher on the BSE Transport Corporation of India is currently trading at Rs. 823.70, up by 21.65 points or 2.70% from its previous closing of Rs. 802.05 on the BSE.The scrip opened at Rs. 802.05 and has touched a high and low of Rs. 846.95 and Rs. 795.00 respectively. So far 4735 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 862.20 on 21-Sep-2023 and a 52 week low of Rs. 556.05 on 23-Dec-2022.Last one week high and low of the scrip stood at Rs. ...
Transport Corporation of India trades higher on the BSE
Transport Corporation of India trades higher on the BSE
Source: Accord Fintech
2023-10-23 11:56:45 am
Delhivery, AWS, Nexus Ventures nurture logistics startups in India Logistics services provider Delhivery on Tuesday announced it has partnered with private equity (PE) firm Nexus Ventures and Amazon Web Services (AWS) for a six-week startup accelerator programme in the country.The first edition of the accelerator programme called Velocity brought together leading financial and sectoral experts to provide incisive, industry-led mentorship to the selected startups. Twenty early-stage startups were selected among 234 applicants. The cohort included warehou...
Delhivery, AWS, Nexus Ventures nurture logistics startups in India
Delhivery, AWS, Nexus Ventures nurture logistics startups in India
Source: IANS
2023-09-26 05:35:16 pm
Shreeji Translogistics moves up on entering into contract with DHL Express Shreeji Translogistics is currently trading at Rs. 65.44, up by 1.03 points or 1.60% from its previous closing of Rs. 64.41 on the BSE.The scrip opened at Rs. 65.80 and has touched a high and low of Rs. 66.00 and Rs. 64.00 respectively. So far 20163 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 101.82 on 14-Nov-2022 and a 52 week low of Rs. 52.40 on 06-Jun-2023.Last one week high and low of the scrip stood at Rs. 67.00 and Rs. ...
Shreeji Translogistics moves up on entering into contract with DHL Express
Shreeji Translogistics moves up on entering into contract with DHL Express
Source: Accord Fintech
2023-09-25 10:45:14 am
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services Margins to improve with better capacity utilization, reducing disparity between Brent and ATF prices* The recently acquired two 737-800 aircraft have been integrated into the existing aircraft network (BDE realized revenue from these new aircraft only during the last 10 days of 1QFY24). Starting from 2QFY24, we expect capacity utilization to improve significantly. As a result, we anticipate improved margin performance from the second quarter onwards. * EBITDA margins faced challenges as...
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services
Buy Blue Dart Express Ltd For Target Rs.7,840 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-09-22 02:18:44 pm
AVG Logistics gains on bagging order around Rs 72 crore AVG Logistics is currently trading at Rs. 298.05, up by 2.15 points or 0.73% from its previous closing of Rs. 295.90 on the BSE.The scrip opened at Rs. 301.45 and has touched a high and low of Rs. 305.10 and Rs. 289.05 respectively. So far 14486 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 305.10 on 22-Sep-2023 and a 52 week low of Rs. 185.20 on 15-May-2023.Last one week high and low of the scrip stood at Rs. 305.10...
AVG Logistics gains on bagging order around Rs 72 crore
AVG Logistics gains on bagging order around Rs 72 crore
Source: Accord Fintech
2023-09-22 11:24:57 am
Buy VRL Logistics Ltd For Target Rs. 825 - Motilal Oswal Financial Services Ltd Focus on volume growth; aggressive branch expansion continues* VRL Logistics (VRLL) is on track to deliver 15% volume growth in FY24E on the back of: a) growth in underlying business and b) market share gains through significant branch additions in the last couple of years. VRLL has expanded its branch network aggressively by adding 275 branches since Apr?21 (~30% additions to the network). VRLL is looking to add another 100 branches in FY24E. * Following the sale of non-core businesses...
Buy VRL Logistics Ltd For Target Rs. 825 - Motilal Oswal Financial Services Ltd
Buy VRL Logistics Ltd For Target Rs. 825 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-09-15 12:30:51pm