JPMorgan backs Aegis, Delhivery as top logistics picks
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.