Shiprocket received a buy initiation from JM Financial with a September 2027 target price of Rs 165, implying about 30% upside from Rs 127. JM Financial forecasts Shiprocket's revenue to rise to Rs 43.4 billion by FY29, driven by 18% CAGR in core shipping and growth in emerging businesses from Rs 5.4 billion to Rs 18.8 billion.

Shiprocket Limited highlighted the cost of failed and delayed deliveries, noting reverse logistics costs Rs 40-60 per shipment and repackaging costs Rs 15-25, and said it is expanding courier-performance tracking and its Shiprocket RADAR predictive tool to reduce return-to-origin shipments.

Shiprocket has 37 million shares scheduled for lock-in expiry in November, according to Nuvama Institutional Equities analysis covering logistics and other sectors.