22/6/2026, 5:28:01 pm

Delhivery stock surges 7% on Motilal Oswal's buy call

Motilal Oswal reiterated a "Buy" rating on Delhivery with a target price of ₹580, implying a potential upside of around 26%. The bullish outlook is supported by strong growth in express parcel volumes and improving margins in the company's PTL (Part Truck Load) business. Following the brokerage's positive view, Delhivery shares surged 7%, reflecting renewed investor confidence in the company's gro