Delhivery Soars to 52-Week High After Stellar Q1 Performance—Logistics Giant Defies Market Gloom

Logistics disruptor Delhivery just punched through its 52-week high—turns out moving boxes pays better than most finfluencers' NFT portfolios.

Q1 Flex: The numbers don’t lie. While crypto bros were sweating their leveraged longs, Delhivery’s operations quietly printed gains that’d make a DeFi yield farmer blush.

Market Shockwave: Shares ripped past resistance like a bullion van through a toll booth. Analysts scramble to upgrade targets while retail traders FOMO in—classic post-earnings theater.

Reality Check: Let’s see if the rally holds longer than your average shitcoin pump. At least these trucks move real assets… unlike some ‘web3’ projects we know.

CEO links profitability to operating leverage

Sahil Barua, MD & Chief Executive Officer, Delhivery, said, “improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business.” Barua is optimistic about the upcoming festive season.

Brokerages were broadly positive on the stock, given the strong Q1 performance and the impact of the Ecom Express acquisition. New services, such as Delhivery Direct and Rapid, are scaling up, while the Ecom Express acquisition is set to boost network synergies and lower capital expenditure intensity, according to a Motilal Oswal report.

Nuvama Institutional Equities believes Delhivery will deliver strong volume growth with Ecom Express under its fold. Nuvama maintained a buy rating at a higher target price of ₹525 per share, up from ₹430 earlier, and increased the FY26 and FY27 EPS estimates by 52 per cent and 58 per cent, respectively.

Motilal reiterated buy at a revised target price of ₹500 per share, stating that the company is well-positioned for future growth, supported by strong momentum in its Core transportation businesses and a clear focus on profitability.

Meanwhile, Emkay Global flagged a slowdown in e-commerce due to the rise of quick commerce, increased insourcing by marketplaces, and pricing pressures in a fragmented market as key risks. The brokerage maintained a buy at ₹450 as the target price.

The stock traded 3.76 per cent higher on the BSE at ₹446 as of 9:50 am, surging to a 52-week high of ₹452.75 against the previous close of ₹429.85.

Published on August 4, 2025