InCred has assigned a ‘Reduce’ rating to Delhivery with a target price of ?300, citing a potential 36% downside. Despite a recent 89% stock rally, concerns over competition and the impact of the Ecom Express acquisition persist.
InCred has assigned a ‘Reduce’ rating to Delhivery with a target price of ?300, citing a potential 36% downside. Despite a recent 89% stock rally, concerns over competition and the impact of the Ecom Express acquisition persist.