Blue Dart Express is one of those two stocks in which Radhakishan Damani trimmed stake. This was a big surprise for the market observers as Blue Dart shares have delivered around 165 per cent return to its shareholders, while in 2021, it has yielded to the tune of near 43 per cent. However, market experts think that the fundamentals of the market leader in India’s air express market look strong, and the stock is poised for an upside movement.

Unveiling the investment strategy in Blue Dart Express shares, Sumeet Bagadia, Executive Director at Choice Broking, said, “This Radhakishan Damani stock is looking positive on the chart. One can buy the counter at current market price for the short-term target of Rs 6000 to Rs 6250 maintaining stop loss at Rs 5600.”

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Speaking on the fundamentals of this Radhakishan Damani portfolio stock; Arijit Malakar, Head of Research at
Ashika Stock Broking said, “Blue Dart Express is the market leader in India’s air express market with 50 per cent plus share. The pandemic-induced boom in e-commerce is the key growth driver for the company. Further, the company has optimised its cost and follows the earner employee cost structure. Earnings downgrade cycle seems to be behind, and reopening of the economy will aid in recovering its earnings growth.”