The stock has declined 5.34% in three sessions from its recent closing high of Rs 5,557.85 on 12 March 2021.

In the past three months, the shares of logistics service provider have added 35.39% while the benchmark Sensex has advanced 7.45% during the same period.

On the technical front, the stock's RSI (relative strength index) stood at 64.662. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 4485.31, 4166.47 and 3253.70, respectively.

Blue Dart Express is South Asia's premier express air and integrated transportation & distribution company. It offers secure and reliable delivery of consignments to over 35,000 locations in India.

On a consolidated basis, the company posted a net profit of Rs 95.32 crore in Q3 FY21 as compared to a net loss of Rs 31.9 crore registered in Q3 FY20. Net sales rose 20.9% YoY to Rs 1037 crore in Q3 FY21.