India's Mahindra Logistics rises on fund raise proposal

Mahindra Logistics

09/07/2025 10:35

** Shares of Mahindra Logistics MALO.NS up 2.7% at 377 rupees, set to rise for a fifth straight session

** Logistics firm to consider fund raise by issuing shares or other securities on July 11

** More than 317,000 shares traded, ~3x its 30-day moving average

** Shares traded most since April 22

** Avg rating of nine analysts covering the stock is "hold" and median PT is 312.5 rupees, ~17% lower than current price - data compiled by LSEG

** MALO has risen 35.5% over the last four months but is flat on YTD basis

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))