JP Morgan initiates coverage on Indian logistics stocks, highlighting growth opportunities

livemint.com

JP Morgan initiated coverage on Indian logistics stocks, rating Delhivery and Aegis Logistics as "Overweight" and Concor and TCI Express as "Neutral." The brokerage sees strong growth in India's B2C e-commerce logistics market, driven by expanding customer reach in smaller cities and technological advancements. Automation is highlighted as crucial for success. JP Morgan set target prices for Delhivery at ₹575, TCI Express at ₹750, Aegis Logistics at ₹895, and Concor at ₹590, reflecting varying growth prospects and market positions.


With a significance score of 1.5, this news ranks in the top 35% of today's 30855 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


JP Morgan initiates coverage on Indian logistics stocks, highlighting growth opportunities | News Minimalist