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9 months ago
BUZZ-India's Blue Dart posts biggest loss in a month; qtrly profit lower-than-expected
October 13, 2016 / 4:46 AM / 9 months ago

BUZZ-India's Blue Dart posts biggest loss in a month; qtrly profit lower-than-expected

1 Min Read

** Shares of package delivery company Blue Dart Express Ltd down as much as 3.6 pct at 5,362 rupees, posting biggest intraday pct loss since Sept. 12

** Sept-qtr profit falls about 21 pct, missing analysts' estimates

** Sharp moderation in growth in past two quarters primarily due to slowdown in B2C (business to customer) segment, Antique Stock Broking says

** Brokerage trims FY17/FY18 estimates by about 10 pct to factor the near term weakness; maintains "hold" with price target of 5,730 rupees

** Stock had fallen nearly 18 pct this year as of last close (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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