Delhivery: 37% upside or nil? Brokerages remain mixed after March quarter earnings

While Axis Capital has a ‘buy’ call and sees over 37 percent upside, JM Financial and Nuvama have ‘hold’ call and see just 3 percent and 0 percent upside, respectively.

Softbank offloads 3.8% stake in Delhivery for ₹954 crore

Saudi Arabian Monetary Authority, City of New York Group Trust, Societe Generale, BNP Paribas Arbitrage, Morgan Stanley Mauritius, Baillie Gifford Emerging Markets Equities Fund were among the buyers of shares.

Brokerages retain ‘buy’ calls on Delhivery even as losses widen; here's why

Logistics firm Delhivery's net loss widened to ₹195.7 crore in the third quarter ended December 2022 (Q3 FY23) as compared to a loss of ₹127 crore in the year-ago quarter. Its revenue also declined around 9 percent to ₹1,823 crore as against ₹2,019 crore in the same quarter last year.

Kotak upgrades Delhivery to 'buy' from 'add'; here's why

Delhivery’s business model is superior to that of its peers on key counts. For instance, Ecom Express is facing a matching cost deflation with Delhivery in FY2022, and Xpressbees will face it incrementally given the lack of operating leverage in its business model.

5 reasons why ICICI Securities upgraded Delhivery to ‘buy’ from ‘sell’

ICICI Securities upgraded Delhivery to 'buy' from 'sell' with a target price of ₹460, indicating a 39 percent upside in the stock. It is important to note that ICICI's target price remains below the firm's IPO price of ₹487.

Delhivery falls 40% in October; Kotak says time to ‘add’

Delhivery has lost nearly 40 percent in October so far, fell 3.5 in intra-day deals on Friday to hit its all-time low of ₹356. Over the past three trading sessions, the stock has lost 11 percent of its value.

Delhivery: This logistic stock set a new low by dropping nearly 32% in just four trading sessions

Over the past four trading sessions, the stock has lost close to 32% of its value. The stock began to plummet after the company's July-September quarter business update was released. Meanwhile, the lock-in period for its pre-IPO shareholders expires on November 24.

Kotak Securities initiates coverage on Delhivery with a 'reduce' call; here's what the brokerage says

Kotak underscored that Delhivery is well-positioned operationally to drive a 26% decadal EBITDA CAGR.

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 ₹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.

Top Delhivery News

markets

Delhivery: 37% upside or nil? Brokerages remain mixed after March quarter earnings

markets

markets

markets