Delhivery - Five Reasons To Buy This Quality Name: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.We believe Delhivery Ltd.’s current valuations provide a great opportunity for this high quality stock. The risk-reward skew at current market price is very attractive in our view (5.3:1). While we acknowledge growth has been slowing in e-commerce sales in FY23, we believe it is a transient issue and is unlikely to be symptomatic of structural weakness in the space. Five reasons to buy Delhivery: lowest cost structure compared to peers across first mile, mid mile and last mile logistics in express parcel business is a competitive edge in a cost-sensitive market,technology and trust moat should strengthen its dominant share in niche segments such as secured delivery,hands on management ensures agile decision making and timely intervention during exception handling,strong balance sheet should help sustain investments through periods of tight liquidity and uncharacteristically high (compared to peers) brand recall among end-users could make it a key beneficiary of open ended business-to-business ecommerce marketplaces and open network for digital commerce roll out..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Delhivery - Five Reasons To Buy This Quality Name: ICICI Securities

The risk-reward skew at current market price is very attractive in our view (5.3:1).

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