Delhivery's Stock Hits 52-Week Low, MarketsMOJO Calls for 'Strong Sell'

Nov 05 2024 12:05 PM IST
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Delhivery, a top logistics company in India, experienced a drop in its stock price on November 5th, 2024, hitting a 52-week low of Rs. 348. MarketsMojo has given a 'Strong Sell' call. The stock has been on a downward trend for the past two days, trading below its moving averages and showing a -13.49% one-year performance compared to Sensex's 21.71% growth. Delhivery remains a significant player in the logistics industry, providing transportation, warehousing, and supply chain management services.

Delhivery, a leading logistics company in India, has recently seen a dip in its stock price. On November 5th, 2024, the company's stock hit a 52-week low of Rs. 348. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today is in line with the overall sector, but it has been on a downward trend for the past two days with a -5.01% return. Delhivery's stock is also currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Delhivery's one-year performance has been -13.49%, while the Sensex has seen a positive growth of 21.71%. This indicates that the company's stock has not been performing well in the market.

Delhivery is a largecap company in the logistics industry, providing services such as transportation, warehousing, and supply chain management. While the company has faced some challenges in the stock market recently, it remains a key player in the logistics sector in India. Investors and experts are advised to closely monitor the company's performance in the coming days.
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