Delhivery Reaches 52-Week High Amidst Market Recovery and Positive Momentum

Delhivery, a small-cap player in the transport services industry, has made headlines today by reaching a new 52-week high of Rs. 468. This milestone comes after a trend reversal, as the stock gained following two consecutive days of decline. Notably, Delhivery's performance today has outpaced its sector by 2.36%, indicating a strong rebound in market activity.
The stock's intraday high of Rs. 468 reflects a 2.83% increase, showcasing its resilience in a fluctuating market environment. Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum in its price trajectory.

In the broader market context, the Sensex has shown recovery after a negative opening, currently trading at 80,623.26, up by 0.1%. While the Sensex is below its 50-day moving average, the mid-cap segment is leading the market, with the BSE Mid Cap index gaining 0.3%. Over the past year, Delhivery has delivered a performance of 13.50%, significantly outperforming the Sensex, which has seen a modest gain of 1.45%. The stock's 52-week low stands at Rs. 236.8, highlighting its significant recovery over the year.