Macquarie sees India's Delhivery break even by H2FY25

Delhivery

20/12/2023 05:20

** Shares of India's Delhivery  DELH.NS  rise 3.4% to 376.4
rupees, posting sharpest intraday pct gain since Oct. 27 
    ** Macquarie sees DELH achieve profit after tax break-even
by H2FY25 
    ** Co estimates volume share within third-party logistics
segment is about twice its closest peer - brokerage 
    ** Adds, profitable growth in partial truck load segment,
market share gain in express parcel segment, "judicious" look at
M&A to scale up business "key priorities" in next 12-18 months
    ** Shares on track to rise for third straight day, set to
snap two consecutive weeks of losses
    ** Macquarie's PT of 520 rupees is 13.5% higher than average
PT of 19 analysts covering the stock - LSEG data
    ** Including day's gains, stock up more than 13% YTD

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))