India's Blue Dart Express rises on Q4 profit climb

Blue Dart Express

03/05/2024 05:45

** Shares of Blue Dart Express  BLDT.NS  up 1.7% at 6,348.1
rupees
    ** Co reported 12% YoY jump in Q4 profit on Thursday, aided
by strong demand for its logistics services
    ** Stock was up as much as 3.1%, before trimming gains
    ** Rivals Mahindra Logistics  MALO.NS  down 0.6% and
Delhivery  DELH.NS  up 2%; both yet to report results
    ** BLDT and MALO rated "hold" on avg, DELH rated "buy" -
LSEG data
    ** YTD, BLDT down ~14%; MALO and DELH up ~20% and ~18%
respectively

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))