Blue Dart extends rally as parent company posts record profit for CY20

For the financial year 2021, the DHL group anticipates a further significant increase in Ebit to more than EUR 5.6 billion

Shares of Blue Dart Express hit a new high of Rs 5,526.25, up 3 per cent, on the BSE in intra-day trade on Friday after its parent company DHL group posted a record profit for the calendar year 2020 (CY20), primarily driven by the global e-commerce boom, which led to considerably higher shipment volumes in the parcel and express business. The company’s 2020 operating profit was at €4.8 billion, up 17.4 per cent on a year-on-year (YoY) basis.

The stock of South Asia’s premier express air and integrated transportation & distribution company was trading higher for the fifth straight day,