Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 4187.70 Crore) operating in Logistics sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 978.65 Crore, down -6.66 % from last quarter Total Income of Rs 1048.51 Crore and up 20.10 % from last year same quarter Total Income of Rs 814.87 Crore. Company reported net profit after tax of Rs 12.41 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to head towards Rs 690 in the coming months as it is the 161.8% external retracement of the last three months decline (Rs 615-498)
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