BLUE DART EXPRESS Share Price Up by 11%; BSE 500 Index Down 0.2%

Mon, 7 Sep 03:09 PM

BLUE DART EXPRESS share price has zoomed 11% and is presently trading at Rs 2,559.

Meanwhile, the BSE 500 Index is at 14,963 (down 0.2%).

Among the top Gainers in the BSE 500 Index today are BLUE DART EXPRESS (up 11.0%) and ASTRAZENECA PHARMA (up 13.3%).

VA TECH WABAG (down 0.1%) and GHCL (down 0.1%) are among the top losers today.

Over the last one year, BLUE DART EXPRESS has moved up from Rs 2,177 to Rs 2,559, registering a gain of Rs 383 (up 17.2%).

On the other hand, the BSE 500 has moved up from 14,003 to 14,963, registering a gain of 960 points (up 6.1%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 1152.8%), GRANULES INDIA (up 313.1%) and LAURUS LABS LTD (up 266.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,462 (down 0.1%).

The top gainers among the BSE Sensex stocks today are HUL (up 1.6%), ASIAN PAINTS (up 1.4%) and TCS (up 1.4%). Other gainers include HDFC (up 1.3%) and HCL TECHNOLOGIES (up 1.0%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,373 . The top gainers in the NSE Nifty include BHARTI INFRATEL (up 8.8%), HDFC LIFE INSURANCE (up 2.7%) and DR. REDDYS LAB (up 2.0%). Other gainers include ZEE ENTERTAINMENT (up 1.7%) and HUL (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,725 to 38,462, registering a gain of 1,737 points (up 4.31%).

BLUE DART EXPRESS Financial Update...

BLUE DART EXPRESS net profit declined 28.1% YoY to Rs 238 million for the quarter ended March 2020, compared to a loss of Rs 331 million a year ago. Net Sales declined 15.4% to Rs 7.2 billion during the period as against Rs 8.6 billion in January-March 2019.

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 158.1x.

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