Blue Dart drops 11% on stake sale buzz

Blue Dart Express dropped 11% on Tuesday after media reports quoted that promoters have expressed to cut stake in Indian arm.Shares ofthe companyare trading at Rs 1,690, down Rs 223.4, or 11.68% at the Bombay Stock Exchange (BSE) on Tuesday at 9:43 a.m.The scrip has touched an intra-day high of Rs 1,775.10 and low of Rs 1,530.75. The total volume of shares traded at the BSE is 18,445.In the earlier session, the shares declined 3.31%, or Rs 65.6, at Rs 1,913.40. Currently, the stock is trading down 23.36% from its 52-week high of Rs 2,205 and above 22.46% over the 52-week low of Rs 1,380.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,950.80 (37.40) (1.92) 1 Month 1,987.05 (73.65) (3.71) 3 Months 1,948.60 (35.20) (1.81) 6 Months 1,896.20 17.20 0.91 1 Year 1,686.25 227.15 13.47 Note: Based on previous day closing price.