Blue Dart stock rises: On Thursday, June 20, 2024, shares of Blue Dart increased by 2.56% to reach an intraday high of Rs 8,049.95 a share. At 9:37 AM, the stock was trading 0.51 percent higher at Rs 7,888, but it was still off its highs. By contrast, the BSE Sensex was up 0.08 percent at 77,279.52 points.
Following the company's launch of drone delivery services through a partnership with drone delivery service provider Skye Air, the share price increased. According to a statement from Blue Dart, this move marks a significant advancement towards cleaner and more efficient delivery solutions.
Blue Dart Express, Inc.
With its cutting-edge strategy, the firm is poised to transform last-mile delivery in the e-commerce industry. It further stated that by providing same-day cargo delivery, it can significantly cut down on delivery delays and environmental effect.
Blue Dart is still leading the way in the use of drone technology in logistics, having pioneered VLOS experiments in September 2021 in Vikarabad, Hyderabad, and BVLOS trials under the Telangana Government's 'Medicine from the Sky' project.
Blue Dart's market leadership position is further cemented by the successful debut of drone delivery operations, which highlights the company's unwavering dedication to providing great service and ongoing innovation.
"India's logistics industry is going through an exciting time right now. The country's strong economic growth, consumer expectations, and the expansion of Tier 2 and Tier 3 cities have all contributed to the nation's greatly increased purchasing power. The necessity for creative solutions that promote expansion while maintaining efficiency and sustainability is highlighted by this increase in demand. "We are excited to expand this service further and are working with our partners to cover more pin codes in the future as we continue to be amazed by the wonders of drone technology," stated Balfour Manuel, managing director of Blue Dart.
With over 56,000 sites throughout India, Blue Dart Express Ltd. is the top supplier of express aviation, integrated transportation, and distribution services in South Asia. Blue Dart, a component of DHL eCommerce, the DHL Group, makes use of the world's biggest express and logistics network, spanning over 220 nations and territories. The business provides a wide range of services, such as supply chain management, air express, freight forwarding, and customs clearing.
Blue Dart's market capitalization, as reported by the Bombay Stock Exchange (BSE), is Rs 18,785.29 crore.
