India's Delhivery hits near 9-month high after Motilal Oswal initiates with 'buy'

Delhivery

09/07/2025 06:34

** Shares of logistics services provider Delhivery DELH.NS rise 2% to 417 rupees, highest since October 15, 2024

** Motilal Oswal initiates coverage on the stock with 'buy' rating; sets target price at 480 rupees, implying 17% upside from last close

** Brokerage forecasts 14% revenue CAGR over FY25–28, led by 18% growth in part truck load (PTL) and 10% in express parcels

** Adds, strong revenue growth, coupled with improved cost structure, is expected to drive EBITDA CAGR of 36%-52% over FY25–28

** MOSL highlights strong infrastructure, strategic acquisitions, and negligible debt as key positives

** DELH rated "buy" by 21 analysts on average; median target price 418 rupees – data compiled by LSEG

** Stock up 21% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))