The global brokerage firm believes that the company is looking to drive market share gains with pricing action as the threat of Q-commerce for e-commerce companies is now overblown.
Macquarie also noted that Delhivery’s PTL business has scaled up while the operational efficiencies will scale up. The company is well placed to consolidate market share in e-com logistics.
Delhivery has also been added to the F&O stocks.
In the short term, the short has increased by 10.3% in the last one month and by 9.4% in the last 2 weeks. However, the stock has declined by nearly 1.4% in the last 1 year as well as on a year-to-date basis, according to the BSE analytics.Delhivery provides a full range of logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
The company also offers value-added services such as e-commerce return services, payment collection and processing, installation & assembly services, and fraud detection.
Also read: HSBC bullish on Indian pharma stocks for 2025
Technically, the shares of Delhivery are placed above its 10, 20, and 50-day exponential moving averages (DEMA) but below the 100 and 200 DEMA. On the RSI, the stock is placed near the 64 mark, according to the Trendlyne data.
The shares of Delhivery closed flat with a negative bias at Rs 379.35 on the BSE on Wednesday.
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