Emkay Global Financial is bullish on Delhivery has recommended buy rating on the stock with a target price of Rs 490 in its research report dated November 05, 2023.
ICICI Securities is bullish on Delhivery recommended buy rating on the stock with a target price of Rs 500 in its research report dated August 07, 2023.
Though it has a huge runway for growth, it faces the challenge of maintaining business momentum and generating substantial profits
Given the large quantum of corporate overhead costs, operating breakeven seems far away.
Competitive intensity in the logistics sector is rising while we're seeing demand slacken across the board.
The company can be further impacted by slowing e-commerce activity and rising competitive intensity
With continued operating losses and a high cash-burn rate, Delhivery is in a tight position
The logistics player needs to keep on churning strong growth metrics as the current valuation is expensive, both on relative and absolute basis, and leaves no scope for error, in case growth starts to falter or even taper