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Saurabh Taneja is a chartered accountant with 21 years of work experience with Fortune 100 companies and Big 4 consulting firm. In his last stint at TATA Boeing Aerospace, Taneja was member of executive management team and designated as CFO where he was responsible for delivering the strategic and operational imperatives of the joint venture.Further, the companys board also approved the appointment of Ashay Shah, as senior management personnel and head – LMD & strategy with effect from 1 October 2023.Shah is a gold medalist from IIM Ahmedabad, and an engineering graduate of IIT Bombay with over nine years of work experience. He has been associated with the Mahindra Group for over five years, in various capacities in group strategy, group FP&A, and the chairmans office.Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility. The company serves over 400 corporate customers across various industries like automobile, engineering, consumer goods and e-commerce.The company reported a consolidated net loss of Rs 8.55 crore in Q1 FY24 as against a net profit of Rs 13.52 crore in Q1 FY23. However, net sales rose 7.8% YoY to Rs 1,293.22 crore in Q1 FY24.The scrip rose 0.23% to currently trade at Rs 390.90 on the BSE.

Mahindra Logistics appoints Saurabh Taneja as CFO

Saurabh Taneja will be the new Chief Financial Officer, effective September 1, while Ashay Shah will be the Head – LMD &amp; Strategy, effective October 1.

Mahindra Logistics appoints new CFO, shares gain

Motilal Oswal recommended Neutral rating on Mahindra Logistics with a target price of Rs 370 in its research report dated July 25, 2023.

Neutral Mahindra Logistics; target of Rs 370: Motilal Oswal

Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 455 in its research report dated July 25, 2023.

Buy Mahindra Logistics; target of Rs 455: Sharekhan

Mahindra Logist Consolidated June 2023 Net Sales at Rs 1,293.22 crore, up 7.78% Y-o-Y

Mahindra Logistics reported Rs 8.30 crore net loss in the quarter ended June 30, 2023, as against Rs 13.64 crore net profit reported in Q1FY22.

Mahindra Logistics swings to Rs 8.30 crore loss in Q1

ICICI Direct recommended hold rating on Mahindra Logistics with a target price of Rs 410 in its research report dated April 26, 2023.

Hold Mahindra Logistics; target of Rs 410: ICICI Direct

Motilal Oswal recommended Neutral rating on Mahindra Logistics with a target price of Rs 350 in its research report dated April 25, 2023.

Neutral Mahindra Logistics; target of Rs 350: Motilal Oswal

Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 455 in its research report dated April 25, 2023.

Mahindra Logist Consolidated March 2023 Net Sales at Rs 1,272.51 crore, up 18.63% Y-o-Y

Mahindra Logistics Ltd. engages in the development and implementation of customized, technology-enabled logistics solutions. It operates through following segments: Supply Chain Management and People Logistics Solutions. The Supply Chain Management segment comprises of goods transportation service, including warehouse management service. The People Logistics Solutions segment focuses on people transportation service. The company was founded in 2000 and is headquartered in Mumbai, India.

Watchers	50
52-Wk Low	349.70
52-Wk High	559.00

Market Cap	27.92B
Volume (M)	100,318.00
52-Wk High	559.00
52-Wk Low	349.70

MAHLOG.NSE Mahindra Logistics Ltd.

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