Espresso shot of the day – Mahindra Logistics Ltd up by 9.97 percent

EspressoLogy

Espresso shot of the day – Mahindra Logistics Ltd up by 9.97 percent

July 29, 2021
Espresso shot of the day – Mahindra Logistics Ltd up by 9.97 percent

MAHINDRA LOGISTICS LTD 673.15 (+9.97%) BSE – INE766P01016 | 29TH JULY 2021

Mahindra Logistics is one of the few logistics providers that offers solutions in two distinct business segments – Supply Chain Management (SCM) and Enterprise Mobility. They offer supply chain solutions to diverse industry verticals such as Automotive, Engineering, Consumer Goods, Pharmaceuticals, Telecom, Commodities, and eCommerce and also offer integrated employee transportation solutions to enterprises across IT, ITeS, Manufacturing, Banking, Financial Services and Insurance and Consulting Businesses. They have an asset-light business model with a focus on technology and an emphasis on customer centricity. They create customised, technology-enabled logistics solutions that offer flexibility and scalability.

Recent Drivers

  • On July 27, 2021, Mahindra Logistics Ltd. reported quarterly net profit at Rs 9.10 crores in June 2021, up 154.69% from the loss of Rs 16.64 crores in June 2020.
  • On July 27, 2021, Mahindra Logistics Ltd. reported net sales at Rs 873.36 crores in June 2021, up 112.78% from Rs 410.46 crores in June 2020.
  • On July 12, 2021, the Nomination and Remuneration Committee of the Board of Mahindra Logistics Ltd. approved the allotment of 65,105 equity shares of face value of Rs 10 each, fully paid up, on exercise of stock options under the company’s ESOP Schemes.
  • On July 3, 2021, Mahindra Logistics' sustainable last-mile delivery service EDel, which was launched in January of this year, has covered around 1 million kilometers in less than six months, which the company said is equal to planting around 5,000 trees and saving 100 tonnes of CO2 emissions, leading the electric revolution in last-mile delivery. Earlier this year, Mahindra Logistics had launched its cargo last-mile delivery service EDel, entering into a new service line of sustainable last-mile logistics and fulfilment for customers in eCommerce, FMCG and other sectors. EDel initially operated across 6 major cities in India, including Bengaluru, New Delhi, Mumbai, Pune, Hyderabad and Kolkata.
  • On May 4, 2021, Mahindra Logistics Ltd. launched Oxygen on Wheels (O2W), a free service to augment the availability of oxygen by connecting producers with the hospitals and medical centres.
  • On Apr 20, 2021, Mahindra Logistics started free emergency cab services for senior citizens who require transportation for vaccination and other medical emergency services. The services was made available in some areas of Mumbai and Pune.
  • On Apr 29, 2021, the Board of Directors of Mahindra Logistics recommended a final dividend of Rs 2.50 per equity share of the face value of Rs 10 each for the financial year ended Mar 31, 2021.
(Sources: Moneycontrol, BSEIndia, Livemint)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.5%
  • Traded on all-time-high value of 680.15
  • 3 months avg. volume of NSE: 1,94,927
  • Quantity traded: 91,289 | Deliverable quantity: 26,184 (28.68%)
  • Stock price has jumped more than 140% from one-year low level: 272.30 (July 30, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 680.15 | 52-week-low: 272.30

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

773.87

615.88

514.97

356.98

256.07

98.08

-

-

Fibonacci Pivot

615.88

516.98

455.88

416.53

356.98

297.44

258.08

196.98

98.08


Today’s Close

673.15

SMA

BSE

10 DAY

598.21

20 DAY

586.64

50 DAY

571.29

200 DAY

486.52


Some Key Ratios (Source: BSE)

Market Cap: 4,831.68 crores

PE: 109.02

OPM%: 5.28

ROE%: 7.83

Promoters holding%: 58.31

Prev. Close: 612.10

*Chart And Technical Force data taken 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 Comtrade 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.