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Nath Balakrishnan

FRESH investments can be considered in Blue Dart Express, the country's leading player in the express courier market.

As Blue Dart's prospects hinge considerably on overall activity within the economy, the likely GDP growth of over 7 per cent should augur well. Specifically, the sustained activity witnessed in the telecom and retail banking sectors - the principal sectors that Blue Dart caters to - should continue to provide momentum to revenue growth.

Further, the addition of a fourth aircraft to Blue Dart's fleet, which gives it the latitude to widen the scope of its operations; interline agreements with 20 airlines that enable it derive incremental revenues using its strength in the domestic market; and substantial investments in technology that give it a competitive edge, are positives in Blue Dart's favour.

At 11 times its trailing four-quarter earnings per share, the stock holds potential for appreciation in the medium term.

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