Neutral on Mahindra Logistics, target price Rs 500: Motilal Oswal Securities

Motilal Oswal Securities has a neutral call on Mahindra Logistics with a target price of Rs 500. The current market price of Mahindra Logistics Ltd. is Rs 443.

Mahindra Logistics, incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3160.92 Crore) operating in the Logistics sector.

Mahindra Logistics key Products/Revenue Segments include Services Rendered for the year ending 31-Mar-2021.

For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 1120.50 Crore, up 9.74% from last quarter Total Income of Rs 1021.07 Crore and up 6.87% from last year same quarter Total Income of Rs 1048.51 Crore. The company has reported a net profit after tax of Rs 5.07 Crore in the latest quarter.

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