Technically, the term 'Death Cross' indicates a weak set-up as the stock's 50-day moving average has dropped below the long-term 200-day moving average.
The fall in the Blue Dart share price came after the company reported a weak set of September quarter results (Q2FY25)
The company's consolidated net profit was Rs 62.84 crore ($7.5 million) for the quarter ended Sept. 30, down 14 per cent from a year ago
Blue Dart Express stock price surged as much as 7.08 per cent at Rs 8,778 per share on the BSE
Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2025. The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said. Blue Dart will implement the General Price Increase (GPI) from January 1. The average price increase will be in the range of 9 to 12 per cent, depending on product variabilities and the shipping profile, Blue Dart said in a statement. This essential decision ensures the continued provision of quality service, while fostering sustainable ecosystem collaboration, it stated. "This price adjustment is essential for sustaining our operational excellence, while continuing to offer solutions centered on the needs of our stakeholders. In conjunction with our .
Logistics operator Blue Dart on Tuesday said it has expanded its direct reach to over 300 pin codes, which represents a significant increase in the company's direct coverage capabilities. By leveraging Blue Dart's connectivity to these additional pin codes, businesses can enhance their supply efficiency through faster, safer, and more cost-effective movements, the company said. Besides, the customers will also benefit from improved transit times, reliability, and access to a broader network. "By expanding our direct reach to more pin codes, we enhance accessibility and empower SMEs and MSMEs to connect and expand their business to both domestic and international markets," said Balfour Manuel, Managing Director at Blue Dart. Blue Dart offers an extensive service network covering over 56,000 locations nationwide. ***** *IHCL inks pact for greenfield resort in Rajasthan Indian Hotels Company (IHCL) on Tuesday announced the signing of a 200-key greenfield resort in Sawai Madhopur, .