<ul data-eligibleForWebStory="false">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.