Buy Logistics Stock For Attractive Gain, Shares Trading Near 52-Week Low: Sharekhan

Sharekhan by BNP Paribas has recommended investors to buy logistics sector stock, Mahindra Logistics with target price of Rs 455 per share. The company on April 24 announced recommendation of Final Dividend of Rs. 2.50 per equity share of the face value of Rs. 10/- each (25%) for the financial year ended 31 March 2023. If you buy Mahindra Logistics share now, you can get potential return of 23%. Check
details below:

Mahindra Logistics Declared Dividend: According to the BSE filing of the company, "Recommendation of Final Dividend of Rs. 2.50 per equity share of the face value of Rs. 10/- each (25%) for the financial year ended 31 March 2023. The dividend payout is subject to the Members' approval at the forthcoming 16th Annual General Meeting ("AGM") of the Company."

Mahindra Logistics Stock Performance & Return: The current market price of Mahindra Logistics is Rs 368.40 per share with intraday rally of 0.89% on BSE till 2:08 pm on Wednesday. . The stock's 52-week high price is Rs 567.30 per share and 52-week low price is Rs 349.90 per share, respectively. The company has a market capitalisation of Rs 2,651.63 crore. The stock declined 22% in last 1-year and gave return of 41% in last 3-years. In last 1-month, the shares surged over 2%.

Mahindra Logistics About: It is a leading integrated supply chain and mobility solutions provider in India with a strong presence across the country and across diverse industries. It offers Supply Chain solutions to diverse industry verticals such as automotive, engineering, consumer goods, pharmaceuticals, telecom, commodities, and e-commerce and also offer integrated employee transportation solutions to enterprise across IT, ITeS, manufacturing, Banking, Financial Services and Insurance, and Consulting Businesses, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan by BNP Paribas. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.