Delhivery share price: Key triggers to dictate performance of this logistic stock
Although the company's net loss widened year-on-year in Q4FY23, the positive takeaways from the quarter were positive EBITDA, high incremental gross margin, and improved volume growth sequentially.
Online parcel services provider, Delhivery's fourth quarter numbers for FY23 have likely triggered a re-rating for the stock. Delhivery witnessed a healthy performance sequentially with adjusted EBITDA and volume growth stealing the show in Q4FY23. However, Delhivery has seen significant improvement in the last 2 to 3 quarters which brokerages believe should assuage investors. Not just analysts are optimistic about Delhivery's share price and have recommended buying.
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