Blue Dart Shares Soar 9% on Tax Relief & Price Hike News

Business
M
Moneycontrol•01-01-2026, 13:16
Blue Dart Shares Soar 9% on Tax Relief & Price Hike News
- •Blue Dart Express shares jumped 9.4% on January 1st, reaching Rs 6043.20 on BSE.
- •Tax authorities significantly reduced GST demand for subsidiary BDAL from Rs 4,20,78,86,561 to Rs 64,98,000, following a notice in September 2025.
- •Company announced a 9-12% price hike in average shipment prices, effective January 1, 2026.
- •Price adjustments are necessary due to inflationary pressures, rising airline costs, and supply chain complexity.
- •Motilal Oswal gave a 'Buy' rating with a target of Rs 7900, despite the share falling 16% in 6 months.
Why It Matters: Blue Dart Express investors cheered a significant tax reduction and future price hike, boosting shares.
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