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Bloomberg Quint

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Image Credit: Bloomberg Quint

Delhivery Gets 'Buy' As Motilal Oswal Initiates Coverage

  • Delhivery is very well placed to capitalize on the growth opportunity unfolding in the express logistics sector.
  • Motilal Oswal initiates coverage on Delhivery with a Buy recommendation.
  • Delhivery is India’s leading 3PL logistics player, serving a wide network of ~19,000 pincodes.
  • The company shows a strong focus on volume growth, cost reduction, enhanced service offerings, and tight balance sheet control.

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