{"id":115365,"date":"2023-12-11T19:00:00","date_gmt":"2023-12-11T13:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115365"},"modified":"2023-12-11T17:57:06","modified_gmt":"2023-12-11T12:27:06","slug":"logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company\/","title":{"rendered":"Logistic company in red after Goldman Sachs sells 5.92 lakhs shares in the company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3812458609\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this smallcap company fell around 2 percent after a well-known investment bank Goldman Sachs sold 5.92 lakhs shares in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2447767789\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,715 crores, the shares of<strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAHLOG\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"> Mahindra Logistics Ltd<\/a><\/strong> started Monday\u2019s trading session positively at Rs. 386 compared to the previous close of Rs. 381.25. The shares hit a low of Rs. 374.75, making a loss of around 2 percent and closed the day at Rs. 377.90 apiece.\u00a0<\/p><p>Such negative movement in the share price was observed after the well-known international investment banker Goldman Sachs Funds, via Goldman Sachs India Equity Portfolio, sold 5.92 lakh shares, or 0.8 percent of the company, through an open market transaction at an average price of Rs. 376.19 per share. According to the BSE data, the investment bank entered the stock in the year 2017 by acquiring 15,07,797 shares equivalent to a 2.12 percent stake in the company.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue increased marginally by 6 percent from Rs. 1,293 crores during the June quarter to Rs. 1,365 crores during the September quarter. On a contrasting note, the net loss of the company broadened from Rs. 8 crores to Rs. 16 crores during the same timeframe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3871550980\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company gets revenue from multiple sources, primarily through transportation contributing 67.43 percent to the company\u2019s revenue. Furthermore, the company gets 20.33 percent of the revenue from warehousing, 7.15 percent from freight forward, and the remaining 5.09 percent from mobility.&nbsp;<\/p><p>The company targets to be a Rs. 10,000 crore logistics service provider by FY 2026. For FY24, the company is focusing on consolidating leadership positions in contract logistics, turn-around acquisitions in B2B Express and last Mile Delivery, growing cross-border freight volumes and expanding the mobility network.&nbsp;<\/p><p>Headquartered in Mumbai, Mahindra Logistics Ltd was incorporated in 2007. The company offers Supply Chain expertise to diverse industry verticals such as Engineering, Automotive, Consumer Goods, Telecommunications, Commodities, Pharmaceuticals, and E-commerce.&nbsp;<\/p><p><strong>Written By Vaibhav Patil<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor <\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3507659577\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this smallcap company fell around 2 percent after a well-known investment bank Goldman Sachs sold 5.92 lakhs shares in the company.&nbsp; With a market capitalization of Rs. 2,715 crores, the shares of Mahindra Logistics Ltd started Monday\u2019s trading session positively at Rs. 386 compared to the previous close of Rs. 381.25. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-115365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Logistic company in red after Goldman Sachs sells 5.92 lakhs shares in the company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this smallcap company fell around 2 percent after a well-known investment bank Goldman Sachs sold 5.92 lakhs shares in the company.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logistic company in red after Goldman Sachs sells 5.92 lakhs shares in the company\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of this smallcap company fell around 2 percent after a well-known investment bank Goldman Sachs sold 5.92 lakhs shares in the company.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T13:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-1-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-1-Cover-Image-.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/logistic-company-in-red-after-goldman-sachs-sells-5-92-lakhs-shares-in-the-company\/\",\"name\":\"Logistic company in red after Goldman Sachs sells 5.92 lakhs shares in the company\u00a0 - 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