Espresso Shot of the Day - VRL Logistics Ltd up by 9.18 percent

EspressoLogy

Espresso Shot of the Day - VRL Logistics Ltd up by 9.18 percent

April 21, 2022
Espresso Shot of the Day - VRL Logistics Ltd up by 9.18 percent

VRL LOGISTICS LTD 619.90  (+9.18%) BSE – INE366I01010 | 21STAPRIL 2022


VRL was founded in 1976 by DR. Vijay Sankeshwar in Gadag, a small town in North Karnataka with a single truck and a vision that was way ahead of its time. VRL gradually expanded its services to Bangalore, Hubli and Belgaum. From this humble beginning, VRL has today grown into a nationally renowned logistics and transport company which is also currently the largest fleet owner of commercial vehicles in India with a fleet of 4866 Vehicles (Including 291 Passenger Transport Vehicles & 4575 Goods Transport Vehicles amongst others). VRL finds mention in the Limca Book of Record as the largest fleet owner of commercial vehicles in India in the Private Sector. Mr. Vijay Sankeshwar is now joined by his son Mr. Anand Sankeshwar who brings in newer strategies to further drive the growth of the Company. Over the years, VRL has been a pioneer in providing a safe and reliable delivery network in the field of parcel service. It has spread its operations to Courier Service, Priority Cargo & Transport of Passengers by Air to meet the growing demands of its burgeoning customer base. 3PL & Warehousing solutions offered by VRL are tailor-made and cater to the unique needs of its diverse customer base. With the largest goods transportation network in India, VRL parcel service is indispensable for a large number of Corporate Houses. This network spans the length and breadth of the country and is supported by strategically located transshipment hubs. They operate through a network of 875 Branch and franchisees to cater to their valuable customers and they are now in the process of expanding their services to reach even the remotest locations of the Country.


Recent Drivers

  • On Apr 20, 2022, the company signed a Memorandum of Understanding (MoU) with Ratna Cements for the transfer of the Wind Power (Sale of Power) on a slump sale basis.
  • On Apr 07, 2022, Tata motors bagged an order for 1,300 commercial vehicles from VRL Logistics.
  • On Feb 02, 2022, the company announced an interim dividend of Rs.8/- per equity share.
  • On Feb 18, 2022, the company reported Net Sales of Rs.678.39 crores in December 2021, up 20.41% from Rs.563.42 crores in December 2020
  • On Feb 18, 2022, the company reported a Quarterly Net Profit of Rs.60.49 crores in December 2021, up 52.22% from Rs.39.74 crores in December 2020.
 (Sources: Moneycontrol, Business Standard, BSE, Economic Times)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 4.05%
  • Traded on new All-Time High Value 658.80
  • 3 months avg. NSE volume: 353,208
  • Quantity traded: 2, 98,553 | Deliverable Quantity: 92,701 (31.05%)
  • Stock price jumped by more than 215% from a one-year low level: 206.50 (Apr 22, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 658.80 | 52-week-low: 206.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

955.47

744.73

586.47

375.73

217.47

6.73

-

    -

Fibonacci Pivot

744.73

603.78

516.69

460.60

375.73

290.86

234.78

147.69

 6.73


Today’s Close

619.90

SMA

BSE

10 DAY

522.40

20 DAY

496.50

50 DAY

474.41

200 DAY

413.05


Some Key Ratios (Source: BSE)

Market Cap: 5,600.39 Crores

PE: 38.82

OPM%: 19.74

ROE%: 23.34

Promoters holding%: -

Prev. Close: 567.80



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.