scorecardresearchVRL Logistics: After a rally of 94% in one year; Motilal Oswal sees another 33% upside

VRL Logistics: After a rally of 94% in one year; Motilal Oswal sees another 33% upside

Updated: 20 Sep 2022, 10:30 AM IST
TL;DR.
For the first quarter of FY23, the company posted a consolidated net profit of 49.4 crore as against a net loss of 6 crore in the corresponding quarter of the preceding fiscal.
The stock rose 31 percent from  <span class='webrupee'>₹</span>490.40 to  <span class='webrupee'>₹</span>645.60 since April after the company announced a  <span class='webrupee'>₹</span>560 crore CAPEX plan to purchase 1,600 trucks (25,000 t carrying capacity) spread over the next 12–18 months.

The stock rose 31 percent from 490.40 to 645.60 since April after the company announced a 560 crore CAPEX plan to purchase 1,600 trucks (25,000 t carrying capacity) spread over the next 12–18 months.