India's Blue Dart Express gains after tax demand lowered

Blue Dart Express

01/01/2026 06:06

** Shares of Blue Dart Express BLDT.NS jump 4% to 5,744 rupees

** Parcel delivery firm said on Wednesday a tax authority set aside an earlier order seeking tax of 4.2 billion rupees ($46.8 million) from unit

** Authority also reduced tax demand to 6.5 million rupees, excluding interest and penalties

** Stock rose as much as 9.4% earlier in the session

** Nearly 510,000 shares traded, ~26x the 30-day avg volume

** Analysts tracking stock rate it "buy" on average  - data compiled by LSEG

** Stock declined ~21% in 2025, extending its losing run to three years

($1 = 89.9425 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))