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22-Nov2012

Blue Dart Express skyrockets on the BSE

Blue Dart Express is currently trading at Rs 1,931.95, up by 218.10 points or 12.73% from its previous closing of Rs 1713.85 on the BSE.

The scrip opened at Rs 1685.00 and has touched a high and low of Rs 2024.00 and Rs 1605.00 respectively. So far 26765 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 2205.00 on 19-Apr-2012 and a 52 week low of Rs 1380.00 on 30-Nov-2011.

Last one week high and low of the scrip stood at Rs 2024.00 and Rs 1605.00 respectively. The current market cap of the company is Rs 4648.30 crore.

The promoters holding in the company stood at 81.03% while Institutions and Non-Institutions held 8.32% and 10.65% respectively.

Logistics service provider Blue Dart Express' promoter is planning to offload 6.03 percent stake in the company, a move which may fetch DHL Express (Singapore) in excess of Rs 245 crore at current price.

DHL Express (Singapore), as on end of September, had 81.03 per cent stake in Blue Dart Express.

Earlier this year, SEBI made it mandatory for the promoters of listed companies to prune their holding to a maximum of 75 per cent by June next year so that a minimum 25 per cent public shareholding can be maintained in listed private companies.

Blue Dart Express is one of the leading logistics company in the world. Blue Dart Express is South Asia's premier courier, and integrated express package Distribution Company. Blue Dart has warehouses spread across 50 locations in India. It also owns bonded warehouses located at 7 major metros of Ahmedabad, Bangalore, Chennai, Delhi, Mumbai, Kolkata and Hyderabad.


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