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Buy VRL Logistics Ltd For Target Rs. 660 Motilal Oswal Financial Services Ltd Recent price hike to support margins; branch expansion to drive volume growth We hosted VRL Logistics (VRLL) for a non-deal roadshow (NDR). Following are the key highlights: * VRLL initiated a price hike of 10% in Jun’24 (blended hike of 6% implemented after negotiations). This would help to offset the cost increases caused by toll, labor charges, etc. The management expects margins to come back to 14-15% because of the price hike. * While VRLL faced growth challenges in the re...
Buy VRL Logistics Ltd For Target Rs. 660 Motilal Oswal Financial Services Ltd
Buy VRL Logistics Ltd For Target Rs. 660 Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-09 05:44:05 pm
Buy VRL Logistics Ltd For Target Rs. 670 By Motilal Oswal Financial Services Muted activity in 1Q amid polls and driver shortage; volume growth to improve in 2H * Tonnage growth in FY24 was hit by a slowdown in agro and textile commodity volume in southern states, which contribute ~40% to tonnage. Amid general elections in 1QFY25 and a severe driver shortage, tonnage growth is expected to be subdued. However, as normalcy returns in 2QFY25, we expect VRLL to post double-digit volume growth in 2HFY25. We expect FY25 volume growth of 10%. The company has also tak...
Buy VRL Logistics Ltd For Target Rs. 670 By Motilal Oswal Financial Services
Buy VRL Logistics Ltd For Target Rs. 670 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-12 12:42:08 pm
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
VRL Logistics falls as promoter divests 4% stake in company VRL Logistics is currently trading at Rs. 698.10, down by 24.10 points or 3.34% from its previous closing of Rs. 722.20 on the BSE.The scrip opened at Rs. 719.00 and has touched a high and low of Rs. 724.55 and Rs. 690.90 respectively. So far 5044 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 772.85 on 14-Jul-2023 and a 52 week low of Rs. 483.00 on 10-Feb-2023.Last one week high and low of the scrip stood at Rs. 726.75 and Rs....
VRL Logistics falls as promoter divests 4% stake in company
VRL Logistics falls as promoter divests 4% stake in company
Source: Accord Fintech
2023-09-12 01:57:39pm