VRLLOG.NSE

VRL Logistics Ltd

The Hubballi (Karnataka)-based logistics major underscored that the surface transport industry suffers from an acute driver shortage issue and this problem also affects the company

India’s benchmark indexes were little changed on Thursday, as investors awaited key corporate earnings and the Reserve Bank of India’s rate decision. The Nifty 50 was off 0.14% at 23,664.9 points as of 9:47 a.m. IST, while the BSE Sensex had slipped 0.14% to 78,158.1. They had opened about 0.3% higher after logging marginal losses in the previous session, with sentiment remaining neutral ahead of the RBI’s widely expected first interest rate cut in nearly five years. A rate cut, if it happens, will follow less than a week after the government, in the federal budget, cut personal tax rates to stimulate consumption. The benchmarks have taken “a pause after the rebound” on Tuesday and are awaiting the RBI’s rate decision and commentary and some key Nifty 50 companies for directional triggers, said Prashanth Tapse, senior vice president of research at Mehta Equities. Six Nifty companies – State Bank of India, Trent, Bharti Airtel, Hero MotoCorp, Britannia and ITC – are due to report their quarterly earnings on the day.

Motilal Oswal is bullish on VRL Logistics recommended buy rating on the stock with a target price of Rs 660 in its research report dated September 02, 2024.

ICICI Securities is bullish on VRL Logistics has recommended buy rating on the stock with a target price of Rs 770 in its research report dated May 22, 2024.

BHEL, Metropolis Healthcare, Aether Industries, Eris Lifesciences, GPT Healthcare, Greenply Industries, GSFC, IRCON International, JK Tyre, Laxmi Organic Industries, and PI Industries will release March quarter earnings on May 21.