India's Blue Dart Express hits 2-year low

Blue Dart Express

19/03/2024 09:47

** Shares of courier services provider Blue Dart Express
 BLDT.NS  down as much as 1.8% to 5,490 rupees, its lowest since
early March 2022
    ** Reuters could not immediately ascertain a reason for the
stock move
    ** Stock down 3.6% so far this week, after a 3.4% decline in
the previous week 
    ** More than 188,000 shares trade, its most-active session
since mid-Sept 2022 
    ** Avg rating of 8 analysts is 'hold', median price target
is 7,460 rupees - LSEG data 
    ** BLDT down 24.8% YTD vs Nifty 500 index's  .NIFTY500  ~1%
rise
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))