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Espresso shot of the day – VRL Logistics Ltd up by 13.25 percent)

Espresso shot of the day – VRL Logistics Ltd up by 13.25 percent

May 18, 2021

VRL LOGISTICS LTD 259.00 (+13.25%) BSE – INE366I01010 | 18TH MAY 2021

VRL Logistics Limited 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 Logistics Limited gradually expanded its services to Bangalore, Hubli and Belgaum. From this humble beginning, VRL Logistics Limited 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 4835 Vehicles (Including 362 Passenger Transport Vehicles & 4473 Goods Transport Vehicles amongst others). VRL Logistics Limited 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 has now been joined by his son Mr. Anand Sankeshwar who brings in newer strategies to further drive the growth of the company. Over the years, VRL Logistics Limited has pioneered 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 Logistics Limited are tailor-made and cater to unique needs of its diverse customer base. With the largest goods transportation network in India, VRL Logistics Limited 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 929 Branch and franchisees to cater our valuable customers and we are now in the process of expanding our services to reach even the remotest locations of the Country.

Recent Drivers

  • Promoters increased their holdings in VRL Logistics Limited On December 31, 2020 holdings were 68.1% and Promoter holding on March 31, 2021 became 69.6%
  • On March 18, 2021, VRL Logistics Limited said it has completed its Rs 50.67 crores share buyback programme.
  • VRL Logistics Limited reported quarterly net profit at Rs 39.74 crores in December 2020 up 54.04% from Rs 25.80 crores in December 2019.
  • VRL Logistics Limited reported net sales at Rs 563.42 crores in December 2020 up 1.11% from Rs 557.25 crores in December 2019.

(Sources: Moneycontrol, Investing.com, The Hindu Business Line)

Technical Force*

  • S&P BSE 500 month till date gain up by 3.84%
  • Spurt in volume by more than 11.71 times compare to previous volume. 3 months avg. volume of NSE: 2,35,675
  • Quantity traded: 1,40,892 | Deliverable quantity: 34,201 (24.27%)
  • Stock price has jumped more than 85% from one year low level: 140.10 | July 23, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 268.75 | 52-week-low: 140.10

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

466.82

381.23

291.67

206.08

116.52

30.93

-

-

Fibonacci Pivot

381.23

314.33

272.99

246.37

206.08

165.80

139.18

97.84

30.93


Today’s Close

259.00

SMA

BSE

10 DAY

223.44

20 DAY

221.16

50 DAY

231.83

200 DAY

193.33

Some Key Ratios (Source: BSE)

Market Cap: 2,339.90 crores

PE: 201.18

OPM%: 16.97

ROE%: 1.72

Promoters holding%: 69.59

Prev. Close: 228.70

*Chart And Technical Force data taken from the Binge desktop app.

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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.