17 Sep 2025 | 5 Mins Read
JP Morgan initiates logistics stocks coverage with up to 21% upside
Flipitmoney
JP Morgan initiated coverage on Indian logistics stocks Delhivery, Aegis Logistics, Concor, and TCI Express. It expects India's B2C e-commerce logistics market to grow at 16% CAGR through FY30. JP Morgan rated Delhivery 'Overweight' with a target price of ₹575 and Aegis Logistics 'Overweight' with a target price of ₹895, while assigning 'Neutral' ratings to Concor and TCI Express.