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Blue Dart's investors are enthused with business taking off after Q1

Continued automation and improvement in technological and service capabilities to help sail through the current crisis, but high valuation a hurdle

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Blue Dart | Investors

Shreepad S Aute  |  Mumbai 

After a washed-out June 2020 quarter (Q1), business is recovering for logistics companies, such as Blue Dart Express, as the economy is getting unlocked. This has also boosted investor sentiment.

The stock of Blue Dart, which had corrected over 10 per cent after the announcement of results on July 31, has gained 16 per cent in the last fortnight, much more than the 1 per cent rise in the BSE Sensex during this period. Blue Dart’s consolidated revenue had declined 47.2 per cent year-on-year (YoY) to Rs 416.2 crore in Q1 because of the lockdown and its focus on the supply of ...

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First Published: Wed, September 02 2020. 14:39 IST
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