Delhivery shares plunge 4% as net profit tumbles 65% YoY. Why Nuvama still maintains Buy rating

Delhivery shares fell 4% after the logistics company reported a 65% YoY decline in Q1 FY27 net profit to Rs 32 crore, despite a 28% rise in revenue. Nuvama retained its Buy rating but cut the target price to Rs 570.

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