{"id":311532,"date":"2026-10-15T17:31:04","date_gmt":"2026-10-15T12:01:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311532"},"modified":"2026-10-15T17:31:04","modified_gmt":"2026-10-15T12:01:04","slug":"newly-listed-stock-has-30-percent-upside-potential-jm-financial-issues-buy-call-on-shiprocket","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/newly-listed-stock-has-30-percent-upside-potential-jm-financial-issues-buy-call-on-shiprocket\/","title":{"rendered":"Newly Listed Stock Has 30% Upside Potential! JM Financial Issues Buy Call on Shiprocket"},"content":{"rendered":"

JM Financial has issued a bullish call on newly listed Shiprocket, expecting revenue to rise to Rs 43.4 billion (Rs 4,340 crore) by FY29. I could not find the JM Financial target price, so I cannot verify the 30% upside in the headline. Dalal and Broacha has a Buy with a target of Rs 150, which is about 25% above its Rs 120 reference price. Shiprocket listed on 19 Aug 2026 at Rs 131 on NSE against an issue price of Rs 97 and still reported a net loss of Rs 79.2 crore in FY26.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

JM Financial has turned bullish on Shiprocket, which listed on 19 August 2026 at Rs 131 on NSE, a premium of about 35% over the issue price of Rs 97. The brokerage expects Shiprocket revenue to reach Rs 43.4 billion by FY29, which is about 29% a year from Rs 20.24 billion in FY26 (my calculation). I could not find the JM Financial target price, so the 30% upside in the headline is unverified, while Dalal and Broacha has a Buy with a target of Rs 150 on 30 September 2026. Shiprocket is still loss making on a reported basis, so the call depends on margins improving as revenue grows.<\/p>\n<\/p><\/div>\n

Shiprocket is an e-commerce logistics and checkout platform that listed in August 2026, and brokerages have begun to publish ratings on it. The JM Financial Buy call is the latest, and the headline puts the upside at 30%.<\/p>\n

This guide explains what JM Financial expects, what Shiprocket earned in FY26, how other brokerages value it, and what could go wrong. I mark every figure I could not verify, including the JM Financial target price.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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