Buy Delhivery, target price Rs 600: ICICI Securities

ICICI Securities has buy call on Delhivery with a target price of Rs 600. The current market price of Delhivery Ltd. is Rs 424.25.

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.

Delhivery Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2282.22 Crore, up 3.98 % from last quarter Total Income of Rs 2194.89 Crore and up 12.36 % from last year same quarter Total Income of Rs 2031.10 Crore. Company reported net profit after tax of Rs 55.58 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 61.16 per cent, DIIs 22.01 per cent.