Continuing its gaining spree for the second straight session, courier and logistics firm Blue Dart Express today rose by over 3% to hit a record high on BSE amid reports that its parent DHL Worldwide Express may buyout the company and delist it from the bourses.
Shares of the company ended up by 3.51% at Rs 1,383.05 on the Bombay Stock Exchange (BSE). In intra-day session, the stock went up by 10.61% to touch a lifetime high of Rs 1,478.
In the previous trading session also, the scrip rallied by 20%, following the media buzz.
At the National Stock Exchange, shares of Blue Dart jumped by 4.80% 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.
Blue Dart Express in 2002 had forged a sales alliance with DHL Worldwide Express.
DHL has 81.03% stake in Blue Dart, the report added.
Meanwhile, the BSE broader gauge Sensex settled the day at 19,451.45, lower by 139.73 points or 0.71%.
