Shares of Blue Dart Express soared above 10% in Tuesday's session after it announced an average shipping rate hike or general price increase (GPI) of 9% to 12% depending on product variabilities and the customer’s shipping profile. The new rates will be effective from the next calendar year.

The logistics company hit an intraday high of ₹6,169 per share after rising 10.6%. It pared some gains to currently trade at ₹5,920, up by 6.13% from Monday's closing.

While the company's shares soared by 10%, they have been trading 4.75% lower in the past six months, and 15% lower on a year-to-date basis.

The company had hit a 52-week high of ₹9,034.95 on October 17, 2024, and a 52-week low of ₹5,365 on April 7 this year. Its market capitalisation stands at ₹14,044 crore as per Tuesday's price.

As per the exchange filing, the company stated that the shipping pricing adjustment is essential to “maintaining Blue Dart’s high standards of speed, reliability, and customer-centric solutions, while addressing the impacts of inflationary pressures, escalating airline costs, and the complexities of global supply chains.”

The company also said that those signing up between October 1 and December 31, 2025, will not be impacted by the upcoming GPI.

Commenting on the announcement, Balfour Manuel, managing director, Blue Dart Express, said, “At Blue Dart, our commitment has always been to deliver excellence building a future-ready logistics ecosystem. The general price increase enables us to continue investing in advanced technology, greener logistics, and network expansion, ensuring that our customers experience unmatched reliability and speed.”