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VERIFIEDET Markets·negative
Delhivery shares plunge 4% as net profit tumbles 65% YoY. Why Nuvama still maintains Buy rating
AI Summary
- ·Delhivery's net profit declined 65% YoY to Rs 32 crore in Q1 FY27.
- ·Revenue increased by 28% during the same period.
- ·Nuvama maintained a Buy rating with a reduced target price of Rs 570.