Ajit Mishra of Religare Broking recommends buying Delhivery, noting a strong volume-based breakout from a bullish inverse head and shoulders pattern, indicating a potential trend reversal and upside move from current levels.

Delhivery is India's largest fully integrated logistics and supply chain services company, recommended for a buy above 510 with a target price of 565 and a stop loss at 490, following a strong revival in sentiment and technical indicators.

The company is well-positioned to benefit from India's formalizing logistics market, with an integrated technology-led platform and improvements in route density and cost efficiencies.

Alpha Wave Ventures has sold its entire 1.93 stake in Delhivery in deals totaling 664.7 crore, indicating active participation in secondary market transactions.

Delivery's CEO Sahil Barua stated that the company is confident of achieving 15-18% growth while making significant investments in robotics, autonomous vehicles, and artificial intelligence to enhance efficiency and profitability, alongside expanding its cross-border logistics network for Indian MSME exporters.