Delhivery share price hit a high of ₹472.00 on the NSE in Thursday's trade, its highest point since October 2022. According to reports from Business Standard, the logistics company's stock has demonstrated strong momentum, reaching levels not seen in nearly four years. The stock's performance reflects renewed investor confidence in the company's operational capabilities and market positioning, with Ventura Securities projecting potential upsides ranging from 19% to 58% over the next one to two years based on strong sector trends.
Delhivery's impressive Q1 FY26 performance underscores its potential with a 67-68% jump in net profit and a 6% increase in revenue year-on-year. As reported by Ventura Securities, this growth was largely driven by operational efficiency gains and robust volume increases in its Express Parcel and Part Truck Load (PTL) segments. The express logistics segment is projected to grow by 14%, while the company's strategic acquisition of Ecom Express and expansion into rapid commerce further strengthen its last-mile delivery capabilities, especially in growing Tier 2 and Tier 3 cities.
Motilal Oswal, Choice Broking and JM Financial have issued 'Buy' ratings on Delhivery stock. As reported by Business Standard, Choice Broking recommends a 'Buy' rating with an anticipated target price of ₹560 in July, representing a potential upside of approximately 19% from current levels. JM Financial has set an even higher target price of ₹605, translating to an 18.7% upside potential. The brokerages cite strong technical momentum and fundamental growth prospects as key drivers for their bullish outlook, with Ventura Securities adding their own projections of 19-58% upside potential based on sectoral strengths.
The logistics sector is undergoing a structural transformation with government policies aiming to reduce logistics costs from 14% to a more competitive 8% of GDP, which directly benefits players like Delhivery. According to Ventura Securities, the increasing demand from manufacturing, e-commerce, and retail segments is fueling this growth, with warehousing and supply chain services emerging as the fastest-growing layers. The industrial and logistics real estate sector saw a 15.6% year-on-year increase in absorption in Q1 2026, with manufacturing and 3PL segments driving demand, positioning companies like Delhivery as likely beneficiaries of sustained growth in India's supply chain ecosystem.
