Delhivery's Stock Hits 52-Week Low, Given 'Strong Sell' Rating by MarketsMOJO

Delhivery, a leading logistics company in India, has recently seen a dip in its stock price, touching a 52-week low on November 8, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, indicating a negative outlook for investors.

At the time of writing, Delhivery's stock is trading at 0.22% above its 52-week low of Rs 347.55. However, it has underperformed the logistics sector by 0.7% today. The stock has also been on a downward trend for the past two days, with a decline of -1.89% during this period.

Delhivery's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the market. The logistics sector as a whole has also seen a decline of -2.25%.

In the past year, Delhivery's stock has seen a negative return of -14.91%, while the Sensex has performed positively with a return of 22.20%. This further highlights the underperformance of Delhivery in the market.

While Delhivery remains a major player in the logistics industry in India, the recent dip in its stock price and negative outlook from MarketsMOJO may be a cause for concern for investors. It is important for investors to carefully consider all factors before making any investment decisions.