Logistic Stocks

InCred has assigned a 'Reduce' rating to Delhivery with a target price of ₹300, citing a potential 36% downside. Despite a recent 89% stock rally, concerns over competition and the impact of the Ecom Express acquisition persist.

The brokerage firm has assigned ‘buy’ rating TCI Express with a target price of ₹1430 and ‘Accumulate’ rating on Mahindra Logistics and Delhivery with a target price of ₹500 and ₹510.