India's Blue Dart Express up on shipment price hikes from 2024

Blue Dart Express

03/10/2023 05:30

** Shares of courier services provider Blue Dart Express
 BLDT.NS  rise as much as 4.4% to 6,981.95 rupees
    ** Stock on track to rise for third straight session, if
trend holds
    ** Co will implement general price increase from Jan 1, 2024
    ** Adds, average shipment price will be 9.6% higher than
2023 depending on shipping profile
    ** Over 9,000 shares traded as of 9:48 a.m. IST, 0.4X the
30-day moving average
    ** Mean rating of seven analysts is "buy"; median PT is
7,503 rupees - LSEG data
    ** Stock last up 0.4%, trimming YTD loss to 12.9%

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