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Delhivery shares fall over 2% as Jefferies downgrades to ‘Underperform', slashes target price to Rs 315
By Aman Shukla Published on June 20, 2025, 09:26 IST
Shares of Delhivery slipped over 2% in early trade after global brokerage Jefferies downgraded the logistics firm to Underperform . The firm also sharply cut its price target on the stock from ₹500 to ₹315, citing slower growth expectations and competitive headwinds in the express parcel segment. As of 9:25 AM, the shares were trading 1.89% lower at Rs 348.55.
Jefferies now estimates a compound annual growth rate (CAGR) of 10% in express parcel industry volumes for FY25–30e, significantly lower than the 30% CAGR seen during FY20–25e. According to the brokerage, the recent 41% rally in Delhivery shares, post the e-Comm Express acquisition, has largely priced in optimism around industry consolidation.
However, Jefferies warned that rising insourcing by platforms like Meesho may impact Delhivery's third-party logistics (3PL) express parcel business. The brokerage also expects the company's market share in the 3PL segment to halve to around 34% by FY28e.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
