Blue Dart Express scales record high after robust Q2 outcome

Blue Dart Express rose 1.96% to Rs 7,730 at 10:37 IST on BSE after net profit jumped 74.45% to Rs 53.75 crore on 11.99% rise in total income from operations (net) to Rs 651.45 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Wednesday, 21 October 2015.

Meanwhile, the BSE Sensex was up 222.02 points, or 0.81%, to 27,509.68

On BSE, so far 1,369 shares were traded in the counter, compared with an average volume of 800 shares in the past one quarter.

The stock hit a high of Rs 7,900 in intraday trade so far, which is record high for the stock. The stock hit a low of Rs 7,670 so far during the day. The stock hit a 52-week low of Rs 5,100.45 on 20 October 2014.

The stock had outperformed the market over the past one month till 21 October 2015, rising 7.73% compared with Sensex's 4.18% rise. The scrip had also outperformed the market in past one quarter, gaining 17.64% as against Sensex's 3.17% fall.

The large-cap company has equity capital of Rs 23.73 crore. Face value per share is Rs 10.

Blue Dart Express is South Asia's premier express air and integrated transportation, distribution and logistics company.

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