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Recommendation: Sell; Target price: ₹325
Revenue from operations in Q3 FY24 stood at ₹2,194 crore, marking a 20% YoY increase from ₹1,822 crore in Q3 FY23
Through FY24-26, it should grow sales at best in sync with the industry, with an inferior operating matrix and capex > OCF.
Delhivery reduced losses to Rs 103 crore in the September quarter, down from Rs 254 crore the previous year.
Recommendation: Sell; Target Price: Rs 325
The inaugural edition, which commenced in August 2023, focuses on nurturing the next generation of entrepreneurs and innovators with industry-specific mentorship.
Recommendation: Sell; Target price: Rs 300
Consolidated revenue from operations climbed 10.5% year-on-year to Rs 1,929 crore.
After the block offer, buying activity in the stock increased and by 9:30 am, over 34.56 lakh shares had been traded on the NSE.
Mystore's e-commerce platform, through ONDC, is leveraging Delhivery's extensive pan-India network.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.