GST kicker for express logistics leader Blue Dart

Its stock surged 7% on Friday on expectations of higher revenues from the GST implementation

The Blue Dart Express stock surged seven per cent in trade on Friday after brokerages upgraded the stock, on expectations of higher revenues from the implementation of goods and services tax (GST), muted fuel costs and roll-out of new strategy from the current financial year. 

The latest upgrade comes from Kotak Securities with a price target of Rs 5,150 against Rs 4,420 previously. Post-GST, many manufacturers are expected to completely outsource their supply chain logistics to large third-party logistics players, such as Blue Dart Express, who would manage large scale operations for them along with proper paper work for input