Delhivery Stock Hits Day Low of Rs 447 Amid Price Pressure

Delhivery, a small-cap player in the transport services industry, has experienced significant volatility today, with the stock declining by 8.07%. The stock opened lower, down 3.69%, and reached an intraday low of Rs 447, reflecting a drop of 7.83%. This decline comes after two consecutive days of gains, indicating a potential trend reversal.
In terms of performance metrics, Delhivery has underperformed compared to the broader market, with a day’s performance of -7.91% against the Sensex's gain of 0.39%. Over the past week, the stock has decreased by 6.06%, while the Sensex has only dipped by 0.74%. On a monthly basis, Delhivery's performance stands at -3.49%, contrasting with the Sensex's positive return of 2.44%.

Despite the recent downturn, Delhivery has shown resilience over the longer term, with a year-to-date performance of 29.02%, significantly outperforming the Sensex's 7.22%. However, over three and five years, the stock has lagged behind the index, highlighting the challenges it faces in maintaining momentum in a competitive market environment.