According to reports from NDTV Profit, brokerage firm Motilal Oswal Financial Services has reiterated its positive view on three companies following their June-quarter earnings. The brokerage maintained 'Buy' ratings across the board for VRL Logistics Ltd., Blue Dart Express Ltd., and Avalon Technologies Ltd. The firm raised its target price on VRL Logistics to ₹340 and retained targets of ₹6,100 for Blue Dart Express and ₹2,150 for Avalon Technologies, citing strong execution, healthy demand trends and robust earnings visibility.
As reported by NDTV Profit, VRL Logistics delivered a strong quarter driven by a combination of volume growth and freight-rate hikes. Revenue rose 18% YoY to ₹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 ₹340 from earlier levels while reiterating its Buy rating.
According to NDTV Profit, the strong quarterly performance has kept these three companies in focus among investors. The brokerage's positive stance on all three companies reflects confidence in their operational performance and future growth prospects. The maintained 'Buy' ratings across the board suggest continued bullish sentiment from the brokerage on these logistics and technology companies following their Q1 results.
