Saturday, July 06, 2013

Buy Blue Dart Express; target Rs 3256: GEPL Capital

Blue Dart Express, has reported 20 percent CAGR growth in volumes handled during CY07 - FY13 and 18 percent CAGR growth in volumes handled during CY10 - FY13. This demonstrates ability of the company to maneuver the global slowdown very efficiently. Also, revenue growth has been maintained at a robust 17 percent CAGR over CY07 - FY13 and 22 percent CAGR over CY10 - FY13. It has the most extensive domestic network covering over 33,742 locations, and service more than 220 countries and territories worldwide through its parent company DHL.
Unbeatable Air express dominance supported by growing ground express concentration BDEL has seven aircraft in its fold which are leased from its parent, DHL. It has two Boeing 737s and five Boeing 757s. These are leased for a period of five years from the parent, DHL. It holds 48 percent market share in the air express segment in India and is the largest player in that segment in India. BDEL holds 16 percent market share in the Ground segment. It has warehouses at 68 locations across the country as well as bonded warehouses at the 7 major metros of Ahmedabad, Bangalore, Chennai, Delhi, Mumbai, Kolkata and Hyderabad. We expect BDEL's leadership position in the Indian market to continue driven by strong outlook for industries such as ECommerce, BFSI, Pharmaceuticals, Automobiles, etc.
05/07/13  Moneycontrol.com
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