Delhivery Hits 52-Week Low Amid Ongoing Challenges in Logistics Sector

Delhivery, a key player in the logistics sector, has recently reached a new 52-week low, with its stock price hitting Rs. 318.75 on January 14, 2025. This decline represents a notable 20.81% decrease in its stock value over the past year, contrasting with the Sensex's 5.66% gain during the same timeframe. Today, Delhivery's stock showed signs of recovery after seven consecutive days of decline, achieving an intraday high of Rs. 328, which reflects a gain of 2.26%. Despite this uptick, the stock remains below several key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating ongoing challenges in the market. The current performance of Delhivery underscores the complexities faced by large-cap companies in the evolving logistics landscape, as market participants remain cautious amid these trends.