New Delhi, Sept. 17 -- Foreign brokerage firm JP Morgan has initiated its coverage on key Indian logistics stocks - Delhivery, Aegis Logistics, Container Corporation of India (Concor) and TCI Express - with a positive outlook on the fastest growing B2C, B2B express and oil and gas segments.

JP Morgan expects India's B2C e-commerce logistics market to grow at a compound annual growth rate (CAGR) of 16% through FY30, led by rising customer penetration in tier-2 and smaller cities along with tech-driven efficiencies.

"Labour shortages are making automation-related investments the need of the hour and success determinant. New age logistics players like Delhivery are displaying this awareness, cracking this code to better execution while rai...