Delhivery Faces Continued Stock Decline Amidst Competitive Logistics Challenges

Feb 07 2025 10:35 AM IST
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Delhivery's stock has faced a significant decline, marking three consecutive days of losses and a cumulative drop over this period. Currently trading near its 52-week low, the stock has underperformed compared to its sector and is positioned below key moving averages, reflecting ongoing challenges in the logistics market.
Delhivery, a prominent player in the logistics industry, has experienced a notable decline in its stock performance today, with a drop of 3.08%. This downturn marks the third consecutive day of losses for the large-cap company, resulting in a cumulative decrease of 5.34% over this period.

Currently, Delhivery's stock is trading close to its 52-week low, just 1.72% above the low of Rs 306.5. The stock has underperformed relative to its sector, lagging by 2.55%. In terms of intraday trading, Delhivery reached a low of Rs 311.85, reflecting the ongoing challenges faced by the company.

Additionally, Delhivery's stock is positioned below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past month, the stock has declined by 7.40%, while the broader Sensex index has only seen a slight decrease of 0.47%. These performance indicators highlight the current struggles of Delhivery in a competitive logistics market.
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