Buy Delhivery, target price Rs 500: ICICI Securities
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Synopsis
Delhivery Ltd. key Products/Revenue Segments include Sale of services and Traded Goods for the year ending 31-Mar-2022.
By ETMarkets.com
Last Updated:
ICICI Securities has buy call on Delhivery with a target price of Rs 500. The current market price of Delhivery Ltd. is Rs 400.55.
Delhivery Ltd. key Products/Revenue Segments include Sale of services and Traded Goods for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2042.98 Crore, up .58 % from last quarter Total Income of Rs 2031.10 Crore and up 8.47 % from last year same quarter Total Income of Rs 1883.38 Crore. Company reported net profit after tax of Rs -103.14 Crore in latest quarter.
Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 65.5 per cent, DIIs 14.68 per cent.
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Delhivery Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 29133.33 Crore) operating in Logistics sector. Delhivery Ltd. key Products/Revenue Segments include Sale of services and Traded Goods for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2042.98 Crore, up .58 % from last quarter Total Income of Rs 2031.10 Crore and up 8.47 % from last year same quarter Total Income of Rs 1883.38 Crore. Company reported net profit after tax of Rs -103.14 Crore in latest quarter.
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Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 65.5 per cent, DIIs 14.68 per cent.
Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
