BLUE DART EXPRESS Plunges by 10%; BSE 500 Index Up 1.7%
March 24, 2020 03:13 PM

BLUE DART EXPRESS share price has plunged 10% and is presently trading at Rs 2,120.

Meanwhile, the BSE 500 Index is at 10,374 (up 1.7%).

Among the top losers in the BSE 500 Index today are BLUE DART EXPRESS (down 10.0%) and BAJAJ HOLDINGS & INVESTMENT (down 16.3%).

HDFC STANDARD LIFE INSURANCE (up 14.9%) and NIIT TECHNOLOGIES (up 14.6%) are among the top gainers today.

Over the last one year, BLUE DART EXPRESS has moved down from Rs 3,380 to Rs 2,120, registering a loss of Rs 1,260 (down 37.3%)..

The BSE 500 has moved down from 14,917 to 10,374, loss of 4,543 points (down 30.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 303.7%), ABBOTT INDIA (up 84.9%) and NAVIN FLUORINE (up 54.5%).

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 2.2%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 10.7%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,037 (up 2.3%). ADANI PORTS & SEZ (up 11.0%) and INFOSYS (up 10.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 29.75%).

BLUE DART EXPRESS Financial Update...

BLUE DART EXPRESS net profit down at Rs 331 million for the quarter ended December 2019, compared to a loss of Rs 314 million a year ago. Net Sales rose 0.0% to Rs 8.6 billion during the period as against Rs 8.6 billion in October-December 2018.

For the year ended March 2019, BLUE DART EXPRESS reported 38.0% decrease in net profit to Rs 898.0 million compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 13.4% to Rs 32 billion during FY19.

The current Price to earnings ratio of BLUE DART EXPRESS, based on rolling 12 month earnings, stands at down 2713.0x.