Delhivery shares rose nearly 3% on Monday, climbing 2.78% to an intraday high of ₹473.95 per share on the NSE, according to Moneycontrol. The stock has gained for four consecutive sessions and is up more than 4% during the period. The stock was trading 2.5% higher at ₹472.50 in early deals today against the previous close of ₹460.85, with the market capitalisation rising to ₹35,371 crore. The stock had touched its 52-week high of ₹489.95 per share on November 4, 2025, while hitting its 52-week lowest of ₹343 per share on June 20, 2025. The stock is trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day, 150 day and 200 day moving averages, indicating strong technical momentum.
According to Motilal Oswal analysis, strong express growth, robust consumption-led demand, increased outsourcing by customers, and sustained momentum by e-commerce players are likely to benefit Delhivery and boost its growth outlook. The brokerage expects the company to see 17% revenue CAGR over the financial year 2025-28, driven by SME and retail expansion, yield improvement and increasing adoption of value-added services. The Express segment is likely to clock double-digit revenue growth over FY26-28, aided by e-commerce volumes and industry consolidation. JM Financial expects overall revenue to grow 25% YoY and adjusted EBITDA margin to expand 370bps to 6.7% by FY27E, with profitability improvement expected from Q2FY27 after fuel cost pass-throughs normalise.
As reported by Goodreturns, Motilal Oswal has given a 'Buy' rating for the stock with a target price of ₹580 per share. The brokerage expects the company to report sales/EBITDA/APAT CAGR of 13%/33%/83% over FY26-28. According to Moneycontrol, the target price implies an upside of nearly 26% from Friday's closing price of ₹461.10. JM Financial maintains a positive outlook, expecting overall revenue to grow 25% YoY and adjusted EBITDA margin to expand 370bps to 6.7% by FY27E. The stock was trading 2.2% higher at ₹471 per share during the pre-opening session on Monday, June 22. The company maintains a return on equity (ROE) of 3.38% and is well-positioned for future growth driven by strong momentum in core transportation businesses.
According to Motilal Oswal report, Delhivery remains well-positioned for future growth, driven by strong momentum in its core transportation businesses and a disciplined focus on profitability. With steady volume growth and healthy service EBITDA margins in both the Express Parcel and PTL segments, the company is well-placed to sustain margin strength going ahead. The integration of Ecom Express is set to enhance network efficiency and reduce capital intensity, while new services such as Delhivery Direct and Rapid offer long-term growth potential in on-demand and time-sensitive logistics. Operating leverage and favourable product mix are also likely to drive operating leverage, supporting the positive growth outlook. As per CNBC TV18, Motilal Oswal highlighted a structural turnaround in Delhivery's PTL business, with PTL service EBITDA margins improving to 13.4% in the fourth quarter from a negative 8.5% in the first quarter of FY24. This improvement was driven by a favourable shift in customer mix towards higher-yielding SME and retail customers, rationalisation of low-profit contracts and expansion of the sales team.
According to CNBC TV18, Bloomberg data shows that 23 analysts cover Delhivery, of which 19 have a 'buy' recommendation, while three recommend 'hold' and one has a 'sell' rating. The average analyst target price stands at ₹561.86, implying a potential upside of about 19.4% from current levels. The average analyst target price stands at ₹561.86, implying a potential upside of about 26% from current levels. The brokerage attributed the growth to healthy consumption-led demand, increased outsourcing by customers and sustained momentum from large e-commerce players. Delhivery's express segment recorded 73% year-on-year volume growth during the fourth quarter of FY26, including the impact of the Ecom Express acquisition, despite a challenging operating environment marked by the West Asia crisis and the seasonal moderation typically seen after the festive-led third quarter. The stock's beta of 0.98 indicates average volatility in a year, providing stability for investors, while the relative strength index (RSI) of Delhivery stands at 58, signalling it's trading neither in the oversold nor in the overbought zone.
