Buy Delhivery, target price Rs 500: ICICI Securities

Delhivery Ltd. key Products/Revenue Segments include Sale of services and Traded Goods for the year ending 31-Mar-2022.

By ETMarkets.com | Updated: Jan 03, 2024, 10.36 AM IST

Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 65.5 per cent, DIIs 14.68 per cent.

ICICI Securities has buy call on Delhivery with a target price of Rs 500. The current market price of Delhivery Ltd. is Rs 400.55.

Delhivery Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 29133.33 Crore) operating in Logistics sector.

Delhivery Ltd. key Products/Revenue Segments include Sale of services and Traded Goods for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2042.98 Crore, up .58 % from last quarter Total Income of Rs 2031.10 Crore and up 8.47 % from last year same quarter Total Income of Rs 1883.38 Crore. Company reported net profit after tax of Rs -103.14 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 65.5 per cent, DIIs 14.68 per cent.

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