BLUE DART EXPRESS Plunges by 5%; BSE 500 Index Up 0.3%
May 17, 2019 09:36 AM

BLUE DART EXPRESS share price has plunged 5% and is presently trading at Rs 2,888.

Meanwhile, the BSE 500 Index is at 14,660 (up 0.3%).

Among the top losers in the BSE 500 Index today are BLUE DART EXPRESS (down 5.0%) and AUROBINDO PHARMA (down 5.2%).

RELIANCE INFRA (up 5.5%) and RELIANCE CAPITAL (up 4.6%) are among the top gainers today.

Over the last one year, BLUE DART EXPRESS has moved down from Rs 3,358 to Rs 2,888, registering a loss of Rs 471 (down 14.0%)..

The BSE 500 has moved down from 14,801 to 14,660, loss of 141 points (down 1.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 139.5%), DCM SHRIRAM (up 126.9%) and VINATI ORGANICS (up 89.6%).

What About the Benchmark Indices?

The BSE Sensex is at 37,608 (up 0.4%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,315 (up 0.5%). YES BANK (up 4.0%) and BAJAJ FINANCE (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,388 to 37,608, registering a gain of 2,220 points (up 6.1%).

BLUE DART EXPRESS Financial Update...

BLUE DART EXPRESS net profit down at Rs 314 million for the quarter ended December 2018, compared to a loss of Rs 455 million a year ago. Net Sales rose 21.4% to Rs 8.6 billion during the period as against Rs 7.0 billion in October-December 2017.

For the year ended March 2018, BLUE DART EXPRESS reported 3.5% increase in net profit to Rs 1.4 billion compared to net profit of Rs 1.4 billion during FY17.

Revenue of the company grew 4.1% to Rs 28 billion during FY18.

The current Price to earnings ratio of BLUE DART EXPRESS, based on rolling 12 month earnings, stands at 60.7x.