Brokerages cut price targets on Delhivery, Stock falls 10% – ET Auto
Baua Electric
MAY 21, 2024
Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages , including CLSA , to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of INR 390.
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