India's Blue Dart Express falls on 49% drop in Q4 profit

Blue Dart Express

08/05/2023 07:49

** Shares of Blue Dart Express Ltd  BLDT.NS  fall as much as
2.8% after co reports an over-49% drop in Q4 profit
    ** At day's low of 5,631.75 rupees, stock hits lowest level
since March 8, 2022
    ** Stock's trade volume nearly equal to 30-day avg of
~23,500 shares by noon IST
    ** Four analysts rate stock 'buy' or higher, two 'hold' and
two 'sell'; median PT is 7,707 rupees - Refinitiv data
    ** Including session's fall, stock down ~25.8% YTD

 (Reporting by Nishit Navin in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))