Delhivery Stock Reaches New High Amid Broader Market Gains and Mixed Sentiment

Delhivery, a small-cap player in the transport services industry, has made headlines today as its stock price reached a new 52-week high of Rs. 468.55. This milestone reflects a significant upward trend, as the stock has outperformed its sector by 1.13% today. Notably, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price trends.
In the broader market context, the Sensex experienced a positive shift, climbing 287.86 points to reach 80,173.22, marking a 0.39% increase after a flat opening. While the Sensex is trading below its 50-day moving average, the 50-day moving average itself is positioned above the 200-day moving average, suggesting a mixed market sentiment.

Over the past year, Delhivery has demonstrated a robust performance with a 17.28% increase, significantly outpacing the Sensex, which has only seen a 0.59% rise during the same period. The stock's previous 52-week low was recorded at Rs. 236.8, highlighting the substantial recovery and growth it has achieved.