India's Mahindra Logistics jumps after posting June-quarter profit
20/07/2026 09:08
BUZZ-India's Mahindra Logistics jumps after posting June-quarter profit ** Shares of India's Mahindra Logistics MALO.NS jump 7.87% to 416.25 rupees
** Stock on track for highest intraday pct gain since January 28, if gains hold
** Ground freight and logistics co posts a net profit of 253.9 million rupees ($2.6 million) in the June quarter, compared to a net loss of 108 million rupees a year earlier
** Co's June quarter revenue rises 23.3% year-on-year to 20.03 billion rupees
** MALO rated "buy" on average by 8 analysts, median PT at 440 rupees -- data compiled by LSEG
** YTD stock up 28.24%
($1 = 96.4125 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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