Delhivery shares fell 8% after announcing a Rs 1,407 crore all-cash acquisition of rival Ecom Express.
The deal marks a sharp 80% valuation drop for Ecom Express, once valued at over Rs 7,000 crore.
Analysts see strong market dominance post-deal, with a 55–60% share in the B2C express segment.
Brokerages maintain 'Buy' ratings, citing scale benefits, pricing discipline, and long-term growth potential.
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