The global brokerage believes that the company is looking to drive market share growth through pricing actions at a time when Q-Commerce’s threat to e-commerce companies is overstated.
Mr. Macquarie also pointed out that Delhivery’s PTL business will expand and operational efficiency will also increase. The company is well-positioned to strengthen its market share in the e-com logistics space.
Delhivery has also been added to the F&O stocks.
In the short term, shorts have increased by 10.3% in the past month and 9.4% in the past two weeks. However, the stock price has fallen nearly 1.4% over the past year and year-to-date, according to BSE analysis.Delhivery offers a full range of logistics services including express parcels and heavy goods shipping, PTL freight, TL freight, warehousing, supply chain solutions, cross-border express, freight services, and supply chain software.
The company also provides value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection.
Also read: HSBC bullish on Indian pharma stocks in 2025
Technically, Delhivery stock price is above the 10-day, 20-day, and 50-day exponential moving average (DEMA), but below the 100-day and 200-day DEMA. According to Trendlin data, the stock is hovering around the 64 level on the RSI.
Delhivery share price closed flat on BSE on Wednesday with a negative bias at Rs 379.35.
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