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Shares of Aegis Logistics (+8%) and Delhivery (+2.1%) jumped after JPMorgan initiated coverage on India's logistics sector with an 'Overweight' rating on both. The brokerage sees e-commerce logistics growing at 16% CAGR till FY2030. It set targets of ₹895 for Aegis and ₹575 for Delhivery, citing margin expansion and strong retail loan growth. Retail sentiment on Stocktwits turned bullish.
short by / 03:43 pm on 16 Sep
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