Morgan Stanley has maintained its 'Equal-weight' rating on Black Buck , setting a price target of ₹653 for the logistics company. The rating reflects the investment bank's neutral stance on the stock, indicating that the shares are considered fairly valued at current market levels.

Analyst Rating Details

The Equal-weight rating suggests that Morgan Stanley views BlackBuck as a stock that is likely to perform in line with the broader market or sector average. This neutral positioning indicates that while the analysts see no significant downside risks, they also don't anticipate substantial outperformance in the near term.

Market Implications

The ₹653 price target provides investors with Morgan Stanley's assessment of BlackBuck's fair value based on their analysis of the company's fundamentals and market conditions. This target serves as a benchmark for investors evaluating the stock's potential returns and helps in making informed investment decisions.

The Equal-weight rating typically indicates that analysts expect the stock to deliver returns that are roughly in line with the market average, making it suitable for investors seeking steady, market-matching performance rather than aggressive growth or value plays.

Black Buck , a leading logistics solutions provider, has reported a significant change in its promoter shareholding. Rajesh Kumar Naidu Yabaji, the Promoter, Chairman, Managing Director, and CEO of Black Buck, has sold 20,00,000 shares of the company through an open market transaction on November 18, 2025.

Impact on Shareholding

The sale has resulted in a decrease in Yabaji's shareholding in the company. According to the disclosure made under SEBI substantial acquisition regulations:

This transaction represents a reduction of 1.11% in terms of total voting capital and 1.08% in terms of total diluted share capital.

Company Details

Black Buck, formerly known as Zinka Logistics Solutions Limited, is listed on both the National Stock Exchange of India Limited and BSE Limited. The company's scrip code on BSE is 544288, and the scrip symbol on NSE is BLACKBUCK, with the ISIN being INE0UIZ01018.

Market Impact

As of September 30, 2025, the total number of equity shares of Black Buck stood at 18,07,20,492, each with a face value of INR 1. The total diluted share capital of the company, assuming full conversion of outstanding convertible securities, is 18,42,18,230 shares.

Regulatory Compliance

This disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed the stock exchanges about this change in promoter shareholding.

Investors are advised to consider this information in the context of the company's overall performance and market conditions, and to conduct their own research before making investment decisions based on such developments.