Mahindra Logistics is currently trading at Rs. 560.25, up by 13.70 points or 2.51% from its previous closing of Rs. 546.55 on the BSE.
The scrip opened at Rs. 551.00 and has touched a high and low of Rs. 581.25 and Rs. 536.70 respectively. So far 7067 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 613.95 on 17-Mar-2021 and a 52 week low of Rs. 221.00 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 593.00 and Rs. 536.70 respectively. The current market cap of the company is Rs. 4029.31 crore.
The promoters holding in the company stood at 58.35%, while Institutions and Non-Institutions held 31.49% and 10.16% respectively.
Flipkart, India’s homegrown e-commerce marketplace, has partnered with Mahindra Logistics (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. MLL will play a significant role in working with various OEMs and help Flipkart’s sustainable transition to EVs.
With a shared commitment and vision towards sustainable business practices, Mahindra Logistics has already launched EDEL, its own electric delivery brand in late 2020. EDEL has partnered with companies in consumer & e-commerce to provide sustainable last-mile delivery across six cities in India. MLL through EDEL will enable Flipkart in its journey towards building a green supply chain by not only deploying a large fleet of EVs but also creating a conducive environment for EV deployment and operations across the country. This includes building supporting infrastructure and technology such as charging stations and parking lots, training workforce, route planning and even battery swapping stations in the near future. Another key focus area will be technology and control tower operations to enable greater efficiency and cost competitiveness.
Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.57 |
| TVS Supply Chain Sol | 114.53 |
| Container Corp | 500.45 |
| Delhivery | 464.10 |
| Mahindra Logistics | 432.45 |
| View more.. | |
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