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Mahindra logistics surges on joining hands with Asian Paints to strengthen supply-chain in Eastern India

Mahindra Logistics is currently trading at Rs. 348.15, up by 2.05 points or 0.59% from its previous closing of Rs. 346.10 on the BSE.

The scrip opened at Rs. 349.70 and has touched a high and low of Rs. 349.70 and Rs. 345.80 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 574.80 on 15-Apr-2019 and a 52 week low of Rs. 325.00 on 30-Aug-2019.

Last one week high and low of the scrip stood at Rs. 360.00 and Rs. 340.25 respectively. The current market cap of the company is Rs. 2472.09 crore.

The promoters holding in the company stood at 58.52%, while Institutions and Non-Institutions held 30.74% and 10.74% respectively.

Mahindra logistics (MLL) has joined hand with Asian Paints to strengthen its supply-chain in Eastern India. The company will be handling the Regional Distribution Centre (RDC) measuring 1 lakh square feet at Dankuni, Hoogly in the state of West Bengal and the first leg of distribution from this RDC.

The company’s services will be backed up by technologies for transport management and warehouse management.

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.

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