Delhivery back to old highs

27 août

DELHIVERY has a good business, almost all packages from small to medium online stores to large brands use delhivery to deliver thier packages.

Their recent results have been good and profits are increasing on a stable basis compared to the sudden downside in June 2022, with their business working well and results showing the same, Delhivery could be the next zomato type stock to become a multibagger, for now, we will target its previous high made as our initial targets

CMP: 431
Target: OLD high liquidity 679
Upside: 57.5%
Trade type: Long term

Risk: General business risk of online store demand for delivery decreasing which i dont see as viable, if results are bad and stock is affected, i will update when to exit such a stock

Risk averse investors can also keep a stop loss 350 but I dont use stop losses for Fundamental and technical long term trades.