Economic TimesLean R·
Delhivery shares plunge 4% as net profit tumbles 65% YoY. Why Nuvama still maintains Buy rating
The shares of Delhivery plunged 4% on Monday after the logistics major reported a 65% year-on-year decline in net profit to nearly Rs 32 crore for the first quarter of FY2027, from Rs 91 crore reported in the same period last year.Delhivery shares opened at Rs 456.40 apiece on Monday morning after the company on Saturday reported the sharp decline in net profit. Revenue from operations however rose 28% YoY to Rs 2,930.7 crore during the April-June quarter of the ongoing FY2027, from Rs 2,294 cr…
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