Shares of Blue Dart Express Ltd have risen as much as 77% compared to its pre-covid highs. Blue Dart has reported a consistent improvement in performance in the past three quarters. “In FY21, Blue Dart Express has gained immensely from the exploding e-commerce industry and we believe revival of the documentation business is likely to have also helped in Q4FY21," analysts at Edelweiss Securities Ltd said in a note to clients. For the March quarter, Blue Dart did well on the operating margin front, too. Analysts from Edelweiss Securities Ltd said, “Blue Dart Express has regained pricing power, without volume loss.
Source: Mint May 06, 2021 06:52 UTC