India's Blue Dart gains on price hike announcement

Blue Dart Express

01/10/2024 05:14

** Shares of logistics services provider Blue Dart  BLDT.NS 
rise 3.8% to 8,522 rupees in early trading
    ** Co on Monday said it will increase prices for its
services starting Jan. 1, 2025
    ** Avg price increase in range of 9%-12%, depending on
product variabilities, it said
    ** Analysts, on avg, rate BLDT close to equivalent of 'hold'
vs a 'sell' on Mahindra Logistics  MALO.NS  and 'buy' on
Delhivery  DELH.NS  - LSEG data
    ** Median PT on BLDT is 7,900 rupees
    ** BLDT up 15% so far this year, vs 29% and 10% rise in MALO
and DELH, respectively

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))