Emkay Bullish On Delhivery, Initiates Coverage With A Target Price Of INR 465 - Inc42 Media

Brokerage firm Emkay Global Financial Services has initiated coverage on logistics startup Delhivery with a 'BUY' rating. Emkay sees Delhivery as well-placed to take advantage of the long-term growth in India's logistics sector, with a target price of INR 465. The firm believes Delhivery's asset-light model and technology stack give it a competitive advantage. However, Emkay also noted that a slowdown in the e-commerce sector and other risks could impact Delhivery's revenue. ICICI Direct has also given a 'BUY' call on Delhivery, with a target price of INR 500.

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