India's Blue Dart Express hits 1-wk high on price hike plan

Blue Dart Express

29/09/2022 05:33

** Indian Logistics company Blue Dart Express Ltd's shares
 BLDT.NS  up as much as 3.6% at 8889 rupees, its sharpest
intraday gain in over a week
    ** Stock posts its highest levels since Sept. 23 and is set
for a third consecutive session of gains
    ** Co on late Wednesday announced general price increase
from Jan 1, 2023, with avg price hike of 9.6%  urn:newsml:reuters.com:*:nFWN30Z0TW
    ** More than 10,000 shares traded, 0.3x times their 30-day
moving avg of more than 35,000 shares
    ** 3 of 7 brokerages rate BLDT "buy" or higher, 1 "hold" and
3 "sell" or lower; median PT is 8380 rupees- Refinitiv data
    ** Up to Wednesday's close, stock had risen 35.7% YTD
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))