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    HomeNewsBusinessStocksBuy Mahindra Logistics; target of Rs 600: ICICI Direct

    Buy Mahindra Logistics; target of Rs 600: ICICI Direct

    ICICI Direct is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 600 in its research report dated April 28, 2022.

    Broker Research
    April 29, 2022 / 12:57 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on Mahindra Logistics

      Mahindra Logistics is an end-to-end 3PL logistics solution provider, from performing milk run to in-factory logistics, warehousing to first mile and last mile logistics. Serves over 400 customers via its two business segment: supply chain management [(SCM), 96% of revenues] and enterprise mobility • Revenues from Mahindra comprise 52% of SCM revenues (FY21) while the rest is contributed by non-Mahindra.

      Outlook

      We maintain our BUY stance, due to long-term growth drivers in MLL. We value the stock at | 600 i.e. 34x P/E on FY24E EPS.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Apr 29, 2022 12:57 pm

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