Stock of Interest

Posted On: July 4, 2023

Stock Report : MAHLOG (NSE) 3 Jul 2023

Outlook: Bullish

Mahindra Logistics Ltd, founded in 2000, has its headquarters in India. With a workforce of 3,471 employees as of 2022, the company has steadily grown over the years. It operates under the umbrella of its parent organization, Mahindra & Mahindra, a prominent Indian conglomerate. The company has also expanded its reach through the acquisition of subsidiaries, such as LORDS Freight (India) Private Limited and MORE. These subsidiaries contribute to the company’s diverse portfolio of services and products. With a strong foundation and support from its parent organization, the company continues to thrive and make significant contributions to the Indian business landscape.

xCalData predicted that MAHLOG will continue its bullish phase over the next five days. During this period, the price trend of MAHLOG is expected to fall within the range of 402.1 to 380.85.

We note the net income has declined year on year. However, the EBITA Margin has increased significantly.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory