New-age third party logistics firm Delhivery on Friday reported a 68.5% year-on-year jump in its net profit for the first quarter ended June to ₹91 crore, driven by tighter operations and stable revenue. The company reported a 5.6% growth in its operating revenue at ₹2,294 crore. The firm’s biggest segment of express parcel shipments saw … Read more
Morgan Stanley, Citigroup Global Markets Singapore and six other entities on Thursday bought a 1.6 per cent stake in logistics solution provider Delhivery for Rs 461 crore through open market transactions. Besides, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Management, Hill Fort Capital and Hong-Kong-based investment manager Viridian AM purchased … Read more
In a clear display of divergent strategies, foreign institutional investors (FIIs) and mutual funds took opposite calls on a clutch of new-age stocks during the March 2025 quarter. An analysis of 14 new age stocks shows that FIIs chose to cut their stakes 8 scrips in Q4FY25 compared to the Q3FY25, while mutual funds raised … Read more
Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Brokerage Morgan Stanley remains bullish on new-age businesses like Zomato, Policy Bazaar, Nykaa, Paytm and Delhivery, despite the recent jump in the stock prices. The firm sees up-move of 7% to 35% in these stocks. “We see macro factors aligning (multiple re-rating for growth stocks in India and other regions, tight PE/VC money keeping the … Read more
Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Delhivery: Underperform| Target Rs 488 CLSA downgraded Delhivery … Read more
Equity indices eked out marginal gains to settle in the positive zone after a highly volatile trade on Wednesday. The 30-share BSE Sensex climbed 92 points to settle at 66,023, while the Nifty edged higher by 28 points to end at 19,811. Stocks that were in focus included names like Delhivery, which fell 4.15%, CG … Read more
ET is providing these research reports as a complimentary offering to all ETPrime users. Click here to know more. Synopsis In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong … Read more
Brokerage firms such as Jefferies initiated a hold rating on Mankind Pharma, Bernstein upgraded Delhivery to outperform, ICICI Securities initiated coverage on Suzlon with a buy rating and Motilal Oswal maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal … Read more