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Blue Dart stock flying high on better business prospects, improving volumes

Improving volumes, lower ATF prices have boosted sentiment

Post-Covid B2B recovery, price hikes to drive gains for Blue Dart

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4 min read Last Updated : Jun 21 2023 | 9:19 PM IST

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Logistics company Blue Dart Express has seen big moves in the recent past, with its share price up 25 per cent in the last six weeks to Rs 7,231.10 (a five-month high). This is primarily because several securities analysts have changed their stance on the business.

In early May, Motilal Oswal had a “neutral” recommendation with a target price of Rs 6,190 while the stock was trading at Rs 5,734. The report cited high ATF (aviation turbine fuel) prices and low business volumes as negatives.

ATF prices constitute close to 40 per cent of operating costs for a courier company

Topics : Blue Dart Express

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