Delhivery Stock Hits All-Time Low Amid Ongoing Volatility and Weak Fundamentals

Delhivery, a midcap player in the logistics industry, has experienced significant volatility today, reaching an all-time low of Rs. 237. The stock has underperformed its sector by 1.96% and has seen a consecutive decline over the past five days, with an overall drop of 8.73% during this period.
In terms of performance metrics, Delhivery's one-day performance is down by 1.46%, while its one-week and one-month performances reflect declines of 8.92% and 15.47%, respectively. Over the past year, the stock has plummeted by 44.07%, contrasting sharply with the Sensex's gain of 1.82%.

The company's financial health shows weak long-term fundamentals, highlighted by an average return on equity (ROE) of just 0.11% and a concerning EBIT to interest ratio of -8.54. Despite reporting positive results for the last three consecutive quarters, including a notable 217.7% growth in profit after tax, Delhivery's stock remains technically bearish, trading below all key moving averages. High institutional holdings at 82.74% indicate a significant level of confidence among larger investors, despite the stock's recent struggles.