Delhivery reported a significant 68.5% year-on-year increase in net profit for the first quarter, reaching ₹91 crore, driven by efficient operations and consistent revenue. The company’s express parcel shipments experienced a 14% volume growth, reaching 208 million. The recent acquisition of Ecom Express is expected to further boost Delhivery’s market share in the 3PL segment.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce