CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

JM Financial starts India's Shiprocket with "Buy" on scalable asset-light model tailwind

By Reuters News05:15 (UTC), 15 October 2026 Updated

** Shiprocket SIPO.NS will benefit from higher transaction volumes without owning underlying logistics infrastructure as more brands sell online and existing merchants scale--JM Financial

** Brokerage initiates coverage with "buy" rating, TP at 165 rupees

** Co's emerging businesses extends beyond shipping into fulfillment, omnichannel, checkout, marketing and cross-border solutions, allowing it to participate more in a merchant’s operations--JM Financial

** However, brokerage takes cautious view on profitability, with emerging category seen loss-making through FY28 before turning profitable in FY29

** Shares down 3.8% at 129.41 rupees; YTD, down 8.4%

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