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Motilal Oswal Report
VRL Logistics Ltd., Blue Dart Express Ltd. and Avalon Technologies Ltd. are in focus after brokerage firm Motilal Oswal Financial Services reiterated its positive view on all three companies following their June-quarter earnings.
The brokerage maintained 'Buy' ratings across the board, raised its target price on VRL Logistics to Rs 340 and retained targets of Rs 6,100 for Blue Dart Express and Rs 2,150 for Avalon Technologies, citing strong execution, healthy demand trends and robust earnings visibility.
For VRL Logistics, the brokerage said the company delivered a strong quarter driven by a combination of volume growth and freight-rate hikes. Revenue rose 18% YoY to Rs 880 crore, while Ebitda increased 23% and adjusted profit jumped 61%. The brokerage highlighted the first meaningful volume recovery in more than two years, supported by customer additions and the return of previously lost business.
Encouraged by stronger-than-expected performance, MOFSL raised FY27 and FY28 earnings estimates and revised its target price to Rs 340 from earlier levels while reiterating its Buy rating.
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