BusinessPhoto: NDTV BusinessBrokerages Highlight Stocks Including Delhivery, NSE, Muthoot Finance
Brokerages have issued fresh calls on stocks across sectors like logistics, pharma, exchanges, banks, and more. Delhivery's Q2 revenue grew 20% YoY to Rs 30.7 billion, with EBITDA rising 37% to Rs 2.05 billion. Express parcel volumes increased 32% YoY. JPMorgan maintains overweight rating with a target price of Rs 590, while Jefferies maintains buy rating but cuts target price to Rs 470, citing margin expansion and operational improvements.
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