Delhivery Achieves 52-Week High Amid Broader Market Downturn, Signaling Strong Resilience

Delhivery, a prominent player in the transport services industry, has reached a significant milestone today, hitting a new 52-week high of Rs. 449.3. This achievement comes as the stock has demonstrated consistent performance, gaining for the past eight consecutive days and delivering a total return of 9.15% during this period.
In terms of technical indicators, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price movement. Over the past year, Delhivery has shown a robust performance with a return of 15.54%, significantly outperforming the Sensex, which has recorded a return of only 3.02%.

While the broader market is experiencing a slight downturn, with the Sensex trading at 82,589.46, down 0.17%, Delhivery's performance stands out. The stock's 52-week low was recorded at Rs. 236.8, highlighting its substantial recovery and growth over the past year. As the transport services sector continues to evolve, Delhivery's recent performance reflects its strong market position and operational resilience.