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Altitude Angel Selected as UTM Provider for Blue Dart India BVLOS Demonstration - sUAS News

Altitude Angel Selected as UTM Provider for Blue Dart India BVLOS Demonstration - sUAS News
suasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from suasnews.com Daily Mail and Mail on Sunday newspapers.

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Shares trade with modest gains; Nifty hovers near 14,700

Read more about Shares trade with modest gains; Nifty hovers near 14,700 on Business Standard. The key equity barometers were trading with modest gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 201.14 points or 0.41% at 48,878.69. The Nifty 50 index gained 72.80 points or 0.50% at 14,690.65. ....

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Blue Dart spurts on turnaround Q4 numbers

Blue Dart Express rose 2.93% to Rs 5,475.70 after the company s consolidated net profit stood at Rs 90 crore in Q4 FY21 compared with net loss of Rs 30.57 crore in Q4 FY20.
Net sales soared 33.3% to Rs 968.28 crore in Q4 FY21 from Rs 726.30 crore in Q4 FY20.
On a standalone basis, the company posted Rs 89.10 crore profit after tax (previous year Rs 23.8 crore loss) for the quarter ended 31 March 2021 and Rs 96.3 crore profit after tax (previous year Rs 38.3 crore loss) for the year ended 31 March 2021. The profit for the year is after absorbing the impact of special COVID-19 ex-gratia (Rs 34.2 crore) paid to employees in September 2020 and accelerated depreciation of IT servers (Rs 24 crore). The margin improvement is backed up by better realization and cost efficiencies during the year. ....

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COVID-19 supplies keep air cargo operators afloat

‘Strength of volumes cushions impact’
The pandemic may have severely impacted passenger airlines since early last year, but air cargo and freighter operators have reported brisk business owing to increased transportation of COVID-19 related essentials by air.
Blue Dart Express, which includes its subsidiary Blue Dart Aviation, reported a turnaround in FY21, posting a net profit of ₹96.3 crore in the full year against a net loss of ₹38.3 crore in FY20.
This was despite absorbing a special COVID-19 ex-gratia of ₹34.2 crore paid to employees in September 2020 and accelerated depreciation of IT servers amounting to ₹24 crore.
The margin improvement was backed up by better realisation and cost efficiencies during the year. Increased contact less delivery also helped. ....

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Blue Dart hits 52-week high; delivers 18% in five days

Blue Dart Express climbed 2.55% to Rs 5493.80, extending its winning run to fifth consecutive trading session.Shares of Blue Dart rallied 18.5% in five trading days from its previous closing low of Rs 4636.65 on 4 March 2021. The counter hit a 52-week high of Rs 5,526.25 in intraday today. The counter is up 195% from its 52-week low of Rs 1860 posted on 17 August 2020.
In last one-month, Blue Dart added 19.37% compared with a 8.87% rise in S&P BSE Small Cap index.
On the technical front, the stock s RSI (relative strength index) stood at 79.354. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. ....

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