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Delhivery’s shipment volumes are bound to be impacted for a while as Meesho, the largest customer in the third-party logistics space with about 50 percent market share, is moving its deliveries to an in-house system called Valmo, according to a report by Bernstein.
For this reason, coupled with management exits and issues with the company's business execution, the brokerage firm has downgraded Delhivery, calling it ‘volatile’ and an ‘unstable ship’.
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