After e-commerce-focussed logistics company Delhivery reported Q4 earnings broadly in line with the estimates, top brokerages were largely bullish on the counter. While Morgan Stanley remains ‘Overweight’ on the stock, Kotak Institutional Equities has a ‘Buy’ rating on the counter. BofA has a ‘Neutral’ stance on Delhivery. The company reported a 10% decline in its … Read more
Shares of logistics company Delhivery declined nearly 6% to Rs 298 in Monday’s intraday trade after the company’s net loss widened to Rs 196 crore for the third quarter ended December, compared with Rs 126 crore in the same quarter of last year. Its revenue from operations fell 9% to Rs 1,823 crore for the … Read more
Logistics services provider Delhivery, which will release earnings on Friday, is expected to trim its losses in the quarter ended December on the back of growth in the express parcel division. However, the partial truck load (PTL) freight business is likely to see muted growth. For the September quarter, Delhivery had reported a 20% on … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on , Citigroup retained a buy call on Delhivery and Jefferies says it prefers over . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on : Overweight| Target Rs 3085 Morgan Stanley maintained an overweight rating on … Read more
Credit Suisse (CS) has initiated coverage on Delhivery with an ‘outperform’ rating due to favourable industry structure and structural growth in e-commerce volumes. The same brokerage has maintained its ‘underperform’ rating on . CLSA said LemonTree is a ‘buy’ while Nomura India has a similar recommendation for (). In the case of Delhivery, Credit Suisse … Read more