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Mint

ICICI Securities sees 42% upside in Delhivery, recommends ‘buy’—key reasons why

Domestic brokerage firm ICICI Securities has maintained its 'buy' rating with a target price of ₹600 apiece, indicating a potential upside of 42% from the latest closing price.

The Economic Times

Buy Delhivery, target price Rs 600: ICICI Securities

Delhivery Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 31410.53 Crore) operating in Logistics sector.

The Economic Times

Delhivery partners with Teamglobal Logistics for ocean freight services

Logistics operator Delhivery has partnered with Teamglobal Logistics to enhance ocean freight services, targeting both inbound and outbound logistics. This collaboration expands Delhivery's reach to over 120 countries for its Less than Container Load service and integrates inland Part Truckload shipping within India, benefiting businesses with a seamless cargo transportation solution.

The Economic Times

10 mid-cap stocks that mutual funds bought and sold in August

Mutual funds invested Rs 35,600 crore in Indian mid-caps in August 2024, while FIIs sold Rs 27,000 crore. Notable mid-cap buys included FirstCry, Delhivery, PNB Housing, and India Cement.

Business Standard

Mutual funds betting big on recently listed and new-age companies

PB Fintech and Delhivery were also among the top 15 most bought stocks, as per an analysis by Nuvama Alternative & Quantitative Research

Business Standard

Delhivery alleges IPO-bound Ecom Express used incorrect numbers in DRHP

These are related to metrics such as shipment volumes, Service EBITDA and cost per shipment

The Economic Times

Delhivery alleges Ecom Express misrepresented data ahead of IPO

“Ecom Express double counts the number of RTO (return to origin) shipments and hence it ends up inflating its volume on a like to like basis,” the Gurgaon-based firm said refuting claims made by Ecom Express in its DRHP.

Business Standard

Meesho hires 850k staff before festivals, mostly from tier-3, tier 4 cities

E-commerce platform Meesho on Thursday said it has hired 8.5 lakh seasonal staff within its seller and logistics network ahead of the festival season, mostly from tier-3 and tier-4 regions. This marks a 70 per cent increase from its seasonal hiring last year, according to a company statement. "This festive season, we are particularly thrilled to have enabled 8.5 lakh seasonal jobs, especially in tier-3 and beyond cities. Empowering SMBs, local manufacturers and logistics providers to scale their business is resulting in meaningful economic opportunities that is driving financial inclusion in these regions," said Sourabh Pandey, CXO, Fulfilment and Experience, Meesho. Meesho's sellers have hired 5 lakh seasonal workers as part of their requirements for the festive season, the statement said. Additionally, Meesho has hired about 3.5 lakh gig workers through its third-party logistics providers including Delhivery, Ecom Express, Shadowfax, and Xpressbees, along with its own logistic ..

Mint

Stock market strategy: Emkay Global ups Nifty 50 target to 26,000 for Sept 2025; adds ITC, Delhivery to model portfolio

Indian stock market steamrolled through a rocky H1FY25, with the Nifty delivering more than 13% returns since March 31, 2024. Brokerage firm Emkay Global raised its Nifty 50 target to 26,000 for September 2025, up from 22,000 for June 2025 earlier, with a generous target PER of 22x.

The Economic Times

Prashant Gazipur joins Delhivery as senior vice president

Delhivery appoints Prashant Gazipur as senior VP for last-mile operations. Gazipur will be in charge of “capacity building and operational excellence across the company’s last-mile pickup and delivery operations”

Business Standard

CPPIB sells stakes in Delhivery, Nykaa; Capital Group in Mankind

Canada Pension Plan Investment Board pared its holdings on Wednesday, in FSN E-Commerce Ventures (Nykaa) and Delhivery

Business Standard

Buzzing stocks, July 5: PNB, Zomato, Ircon, Ujjivan SFB, Delhivery, UCO Bk

Stocks to Watch today, Friday, July 5, 2024: PNB's global loan book surged 12.7 per cent year-on-year (Y-o-Y) to Rs 10.3 trillion in the April-June quarter of FY25 (Q1FY25)