INSUBCONTINENT EXCLUSIVE:
issue.The board has cleared the issuance of 2.7 crore fully paid-up equity shares at a price of Rs 277 per share, including a premium of Rs
The entire amount will be payable at the time of application.The record date for determining eligible shareholders is 23 July 2025
Investors will receive 3 rights shares for every 8 shares held.The rights issue will open on 31 July and close on 14 August 2025
Rights Entitlements (REs) can be traded on the stock exchanges or transferred off-market
increase from 7.21 crore to 9.91 crore.
Live EventsAlso Read: 9 undervalued mid-cap stocks with upside potential of up to 23%Mahindra
Logistics share price targetAccording to Trendlyne, the average target price for Mahindra Logistics is Rs 360, indicating a potential
downside of nearly 11% from current levels
The Relative Strength Index (RSI) stands at 79.4, indicating overbought conditions and the potential for a near-term pullback
However, the MACD remains positive and above both its center and signal lines, confirming bullish momentum.The stock is currently trading
uptrend.Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4Mahindra Logistics shares performanceYear-to-date, the
stock is up 5%, with a 35% gain over the past three months
The company's current market capitalisation is Rs 2,906.9 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the
These do not represent the views of the Economic Times)
