Delhivery Experiences Revision in Its Stock Evaluation Amid Market Fluctuations

Delhivery, a leading name in the logistics sector, has recently undergone a revision in its score, reflecting the current market dynamics and performance metrics. The stock has faced challenges, with a notable decline of 3.38% on December 18, 2024, marking its third consecutive day of losses. This downturn has resulted in an overall decrease of 4.42% during this period, raising concerns among investors.
Despite these recent struggles, Delhivery's performance over the past month has been more favorable, showcasing a gain of 13.60%, significantly outpacing the Sensex's increase of 3.54%. This contrast highlights the stock's potential resilience in a fluctuating market environment.

In terms of technical indicators, Delhivery's stock is currently positioned above its 20-day and 50-day moving averages, although it remains below the 5-day, 100-day, and 200-day moving averages. This mixed performance suggests a complex outlook for the stock as it navigates through market pressures.

Additionally, Delhivery has been added to MarketsMOJO's list, indicating a recognition of its potential amidst the ongoing adjustments in evaluation. Investors will be keen to monitor how these changes impact the stock's trajectory in the coming weeks.