Broker’s call: Blue Dart Exp (Buy)

Motilal Oswal recommended Neutral rating on Blue Dart Express with a target price of Rs 6190 in its research report dated May 09, 2023.

Neutral Blue Dart Express; target of Rs 6190: Motilal Oswal

The company’s total expenses rose to Rs 1,128.59 crore as against Rs 986.27 crore a year ago.

Blue Dart Express net profit falls 49% to Rs 69 crore in Q4

Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22

Blue Dart Express net profit falls 49% to Rs 69 crore in March quarter

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Mumbai (Maharashtra) [India], April 28 (ANI/PNN): Blue Dart, one of India’s leading logistics companies and part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, has today announced its partnership with innovative location technology what3words. Now, retailers can add a what3words fiel…

Blue Dart adopts innovative location technology what3words to enhance its deliveries for millions across India

In India, addresses are as practice slotted under pin codes, which are associated with delivery post offices. These cover very broad areas. This makes it difficult for customers to specify precisely where a delivery needs to be made, and for delivery drivers to find exactly where they need to go. Th…

Blue Dart adopts location tech, what3words to enhance its deliveries

Currently, the Rolls-Royce-powered fleet of Indian airlines consists of five Embraer ERJs of Star Air and six Boeing 757s of Blue Dart

With Air India’s A350 order, Rolls-Royce makes a comeback in engine market

“In the logistics sector, companies like Blue Dart are expanding rapidly, buying planes. Both Blue Dart and their parent DHL are talking about very large capex. There are technology leaders. They are market leaders. One has to look for opportunities. One has to look at the cash that these businesse…

I became an investor in these 2 Adani stocks after market pulled them down: Safir Anand

Blue Dart Express fell 2.95% to Rs 6,544.25 after the company’s consolidated net profit slipped 28.2% to Rs 88.66 crore despite of 6.6% increase in revenue from operations to Rs 1,337.08 crore in Q3 FY23 over Q3 FY22.

Blue Dart Express slips as Q3 PAT declines 28% YoY

Blue Dart Consolidated December 2022 Net Sales at Rs 1,337.08 crore, up 6.56% Y-o-Y

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Blue Dart Express Ltd. is engaged in the business of integrated air and ground transportation and distribution of time sensitive packages to various destinations, primarily within India.