Macquarie has reiterated its “Outperform” rating on Delhivery, setting a 12-month target price of ₹460, implying a potential upside of 20.88% from the current market price of ₹380.60.
Key Highlights:
- Market Share Growth:
- Delhivery is focused on driving market share gains through strategic pricing actions.
- Q-Commerce Threat Overblown:
- Macquarie believes that concerns around the threat posed by quick-commerce (Q-commerce) to e-commerce logistics companies are overstated.
- Operational Efficiency:
- As the PTL (partial truckload) business scales up, Delhivery is expected to achieve greater operational efficiencies.
- Position in E-commerce Logistics:
- Delhivery is well-placed to consolidate its market share in the e-commerce logistics space, supported by its robust operational framework.
Macquarie’s positive outlook reflects Delhivery’s strategic initiatives to strengthen its market position and enhance operational efficiencies, positioning it as a key player in the evolving logistics sector.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
