India's Mahindra Logistics set for worst day in 2-yrs after Q3 loss

Mahindra Logistics

30/01/2024 04:06

** Shares of Mahindra Logistics  MALO.NS  drop 7.2% to
406.25 rupees, set for worst day since Feb 2022 
    ** MALO reports fourth straight quarterly loss, as a 6%
climb in total expenses outpaced a 5% rise in revenue     
    ** Analysts' avg rating on stock is 'hold', median price
target is 390 rupees - LSEG data 
    ** Stock on track to snap three-sessions winning run, during
which it climbed 5%
    ** Still, MALO is up just under 6% YTD, after a near 23%
decline in 2023

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))