India's Mahindra Logistics falls as CFO quits

Mahindra Logistics

28/02/2023 04:50

** Shares of Mahindra Logistics Ltd  MALO.NS  fall as much
as 3.17% to 362.25 rupees, their lowest since Nov 4, 2020
    ** Logistics services provider says CFO Yogesh Patel has
resigned
    ** More than 56,000 shares change hands in early trade vs
30-day avg of 126,315 mln shares
    ** Six of 11 brokerages rate the stock "buy" or higher, four
suggest "hold" and one recommends "sell"; their median PT is 500
rupees - Refinitiv data
    ** Stock lost 26.3% in 2022 after gaining 64.5% in 2021

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))