Delhivery hits 52-week high as brokerages flag 26-32% upside on 3PL consolidation
JM Financial (target ₹605) and Motilal Oswal (₹580) reiterate BUY on Delhivery after shares touched ₹491.50, citing Ecom Express deal synergies, 73% YoY Q4 express volume growth, and PTL EBITDA margin expansion to 13.4%. Q4 FY26 revenue rose 30% to ₹2,850 Cr with ₹72.4 Cr net profit.
Delhivery shares hit a 52-week high of ₹491.50 after JM Financial and Motilal Oswal reiterated BUY ratings, projecting 26-32% upside on the back of 3PL consolidation post-Ecom Express deal, strong express volumes, and PTL turnaround.