India, Nov. 2 -- Shares of Delhivery jumped 9.7% to an intraday high of Rs.423.35 on the BSE after the logistics company reported a consolidated net profit of Rs.40.6 Cr in Q2 FY27, against a net loss of Rs.50.5 Cr a year earlier.

The stock later pared some gains to trade 7.6% higher at Rs.415.40 apiece at 12:12 IST. The company's market capitalisation stood at Rs.31,135.2 Cr (about $3.3 Bn) at the time.

Brokerage firm Equirus Securities upgraded Delhivery to 'Long' from 'Reduce', with a target price of Rs.505. This implies an upside of 30.8% from the stock's previous closing price of Rs.386.

Equirus expects Delhivery's revenue, EBITDA, and express parcel volumes to grow at compound annual growth rates of 21%, 39%, and 22%, respectivel...