Brokerages divided on this newly listed logistic stock which fell 20% from its peak

The stock witnessed a muted listing on the bourses on May 24, 2022, at  <span class='webrupee'>₹</span>493. Delhivery rose around 25 percent in the first 7 sessions post listing, however, since then, the stock has been on a consistent downtrend.

Delhivery Q4 Earning: IIFL Securities says sell but Credit Suisse remains bullish

While domestic brokerage IIFL Securities has initiated coverage on the stock with a 'sell' call, Credit Suisse remains optimistic on the stock and has initiated coverage with an 'outperform' recommendation for the stock.

IPO analysis: Here's how Delhivery stacks up against its competition

Delhivery Limited is the largest and fastest-growing fully-integrated logistics player in India by revenue as of Fiscal 2021. It has built a nationwide network with a presence in every state, servicing 17,488 PIN codes.

Should you subscribe to the Delhivery IPO? Here's what brokerages say

Brokerages have mixed reviews regarding the firm. While some brokerages believe the company's business model will help improve profitability in the coming years, others believe it is aggressively priced given the current market conditions.

Delhivery IPO to open on May 11: All you need to know about the second-biggest IPO of 2022

The issue will open for subscription on May 11 and the price band for the same has been decided between  <span class='webrupee'>₹</span>462-487 per share.

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Brokerages divided on this newly listed logistic stock which fell 20% from its peak

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