270.9000 -5.80 (-2.10%)
NSE Apr 04, 2025 15:31 PM
Volume: 135.1K
 

270.90
-2.10%
ICICI Securities Limited
We visited the multi-tenanted BTS facility of Mahindra Logistics (MLL) in Luhari, Haryana. Two blocks have come up (FC + DC for three clients and a FC for Amazon) with one more block under construction. Three blocks put together have an area of 1.4mn sqft. The entire 1.4mn sqft has been contracted out to customers. Bajaj Electricals contributed ~70% of the volumes in the first block of ~0.5mn sqft, which we visited.
Mahindra Logistics Ltd. is trading below its 50 day SMA of 298.6
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