Continuing its gaining spree for the second straight session, courier and logistics firm Blue Dart Express today rose over 3 per cent to hit a record high on the BSE amid reports that its parent DHL Worldwide Express may buyout the company and delist it from the bourses.
The scrip ended up by 3.51 per cent at Rs 1,383.05 on the Bombay Stock Exchange. In the intra-day session, it went up by 10.61 per cent to touch a lifetime high of Rs 1,478. In the previous trading session also, the scrip rallied by 20 per cent, following the media buzz.
At the National Stock Exchange, the scrip jumped by 4.8 per cent to close at Rs 1,399. In terms of volume, over nine lakh shares of the company were traded on the bourses during the day.
In 2002, Blue Dart Express had forged a sales alliance with DHL Worldwide Express. DHL has 81.03 per cent stake in Blue Dart, the report added.