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.

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 ₹462-487 per share.

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

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