India's Delhivery gains on upbeat June-quarter results

Delhivery

04/08/2025 04:56

** India's Delhivery DELH.NS climbs 3.5% to 445 rupees

** Courier services provider reports higher June-quarter profit and revenue

** DELH's Q1 results were above market consensus, led by higher profitability in its supply chain and truck load segments, says Macquarie

** Bernstein says DELH's Q1 results "ticked the right boxes", adding that the company reported margin expansion in a typically weak quarter

** Brokerage raises PT on stock to 510 rupees from 430 rupees

** Avg rating of 22 analysts on DELH at "buy"; median PT is 421.50 rupees - data compiled by LSEG

** Stock extends YTD gains to 29%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))