Blue Dart gains as economy reopens, demand from e-commerce segment grows

The unlock process and premium pricing have helped improve operational performance

Blue Dart Express has been one of the biggest gainers in the BSE500 index, appreciating 30 per cent over the past month. Reopening of the economy and a spurt in demand from the e-commerce segment have led to an improvement in realisations and volumes. The stock has seen the highest earnings revision for FY22 among BSE 500 companies, with upgrades pegged at 58 per cent.

One of the triggers for the stock has been the better-than-expected September quarter (Q2) performance. Revenues grew 8 per cent in the quarter over the year-ago period and were twice that of Q1. Realisations, too, have