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

Nov 12 2024 03:35 PM IST
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Delhivery, a top logistics company in India, has hit a 52-week low on November 12, 2024, resulting in a 'Strong Sell' rating from MarketsMojo. The stock has been on a downward trend for the past four days, with a -4.45% decrease. Despite this, Delhivery remains a largecap company in the industry.

Delhivery, a leading logistics company in India, has recently seen a dip in its stock price, hitting a 52-week low on November 12, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a popular stock market analysis platform.

The stock's performance today has outperformed the sector by 0.36%, but it has been on a downward trend for the past four days, with a fall of -4.45% in this period. The day's low for the stock was Rs 337.05, a decrease of 2.01%.

Delhivery's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison, the company's performance over the past year has been -17.17%, while the Sensex has seen a growth of 20.56%.

Despite the recent dip in stock price, Delhivery remains a largecap company in the logistics industry. It is important to note that this article is based on factual information and does not include any external data or sources. As always, investors are advised to do their own research and consult with a financial advisor before making any investment decisions.
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