0734 GMT - Delhivery continues to consolidate its leadership in India's organized logistics space with its fully integrated, tech-driven network offering scale and cost advantages, Elara Securities (India)'s analysts say in a research report. Its partial-truckload shipment volume growth is likely sustainable, based on management commentary. Management expects this growth to be sustained by the shift toward organized companies and continued network productivity gains, the analysts note. The logistics services provider's partial-truckload shipment volumes grew 12% in 2Q FY 2026 thanks to network expansion, higher load factors, and yield improvement. The brokerage raises the stock's target price to INR593.00 from INR570.00 to reflect a valuation roll-forward, and keeps a buy rating. Shares are 6.2% lower at INR455.05. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 06, 2025 02:34 ET (07:34 GMT)
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