India's Mahindra Logistics gains on narrower Q4 loss

Mahindra Logistics

22/04/2025 05:15

** Shares of India's Mahindra Logistics MALO.NS jump 4.3% to 321 rupees

** Logistics firm's Q4 losses narrows y/y, rev rises 8%

** Brokerage ICICI Securities says improvement visible, upgrades stock to "add" from "hold"

** MALO, on an avg, rated "hold" with median PT 335 rupees - LSEG data

** Day's jump trims YTD decline to ~16%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))