Blue Dart Express Limited is an Indian cargo airline and package delivery company based in Mumbai, India. It was founded in 1983 and is a subsidiary of DHL Express. Blue Dart provides air and ground express delivery services, as well as supply chain solutions, to businesses and consumers in India. The company operates a fleet of cargo aircraft and has a network of over 34,000 locations across the country.
The company's services include same-day delivery, next-day delivery, and deferred delivery, as well as specialized services such as temperature-controlled transportation and time-critical deliveries. Blue Dart also offers e-commerce logistics solutions, including fulfillment, reverse logistics, and payment gateway integration.
In terms of financial performance, Blue Dart has reported steady revenue growth in recent years. The company has a strong reputation in the Indian logistics market, and is known for its reliability and efficient service.
It is important to note that it's always recommended to do your own research and due diligence before making any investment decisions. Make sure you have a good understanding of the company, its industry and its financial performance. Additionally, it's always a good idea to consult with a financial professional before making any investment decisions.
After a deep correction from its high of 9640 to 7000, the stock has completed its minimum retracement of 0.386% and is again falling towards 7000 levels, where it has formed a double bottom formation on the daily chart, and this is the 0.618% retracement of where the stock started its rally towards its all-time high (5443 level to 9640 all-time high level). The stock is in consolidation mode near its previous low. The RSI has also flattened out after the steep fall and is well placed near the oversold zone, showing signs of a trend reversal and having the potential to rise further in the coming days. We recommend keeping an eye on this stock for an upside target of 8000 with a favourable risk-reward ratio and support near 6900.
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