Motilal Oswal retains Buy on VRL, Blue Dart and Avalon after Q1
Motilal Oswal reaffirmed Buy ratings on VRL Logistics, Blue Dart Express and Avalon Technologies. It raised VRL’s target price to Rs 340, citing volume recovery, freight-rate hikes and stronger execution; targets stand at Rs 6,100 for Blue Dart and Rs 2,150 for Avalon.
Motilal Oswal retained Buy ratings on VRL Logistics, Blue Dart Express and Avalon Technologies after Q1. It cited demand and execution strength, raising VRL’s target to Rs 340 following volume recovery, freight-rate hikes and 18% revenue growth.
Why this matters
No related recent VRL Logistics signals were supplied. The Q1 update indicates Motilal Oswal sees improving volumes, pricing and execution supporting its revised target.
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