Motilal Oswal is bullish on VRL Logistics recommended buy rating on the stock with a target price of Rs 840 in its research report dated May 26, 2023.

Buy VRL Logistics; target of Rs 840: Motilal Oswal

Motilal Oswal is bullish on VRL Logistics recommended buy rating on the stock with a target price of Rs 840 in its research report dated May 22, 2023.

JSW Steel’s March quarter results beat Street estimates on Ebitda front, led by higher volume, low raw material cost, in addition to reduced power and fuel (P&F) costs. That said, the stock trades at high valuations, leaving limited scope of upside ahead.

Vedanta, JSW Steel, PB Fintech, NTPC, Delhivery, BPCL, VRL Logistics and Cochin Shipyard among stocks in focus today

Arham Technologies, Kokuyo Camlin, Nilkamal Ltd, VRL Logistics and Kaynes Technology In, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

VRL Logistics reported a 244 percent surge in net profit to Rs 193.18 crore for the March quarter compared with Rs 56.19 crore for the same quarter in the previous year.

VRL Logistics climbs 6% after 244% surge in March quarter profit

Motilal Oswal is bullish on VRL Logistics recommended buy rating on the stock with a target price of Rs 770 in its research report dated May 08, 2023.

Buy VRL Logistics; target of Rs 770: Motilal Oswal

It will be adding a variety of trucks, including 50 30-tonner trailer horses, 1,200 10 wheeler–20 tonner vehicles, and around 400 trailers with carrying capacity

VRL Logistics to expand fleet size to 7,200 trucks

Hubballi-based logistics major VRL Logistics Ltd., (VRL) has set aside a capex of ₹697 crore during the current fiscal to replenish its ageing fleet which is more than 15 years old.

VRL Logistics plans ₹697-crore chest to buy 1,667 truck chassis in FY24

As the vehicle scrappage policy took effect this month, leading truck and bus maker Ashok Leyland (AL) has secured a big order from VRL Logistics to supply 1,560 trucks for an undisclosed sum as the latter seeks to expand and modernise its fleet by replacing very old trucks.

Ashok Leyland bags a big truck order from VRL Logistics

“VRL Logistics and Ashok Leyland have a longstanding association, Over the years VRL has worked very closely with us in developing new products and features suited to emerging needs of customers in the logistics industry,” said Shenu Agarwal, Managing Director and Chief Executive at Ashok Leyland.

Ashok Leyland bags order of 1,560 trucks from VRL Logistics

This order is for Avtr 3120 and Avtr 4420 TT truck models of Ashok Leyland, said a company statement

Ashok Leyland bags an order from VRL Logistics to supply 1,560 trucks

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

VRL Logistics Limited is engaged in the business of providing goods and passenger transportation services.