Delhivery's Stock Hits 52-Week Low, Receives 'Strong Sell' Call from MarketsMOJO

Delhivery, a leading logistics company in India, has recently seen a dip in its stock price, hitting a 52-week low on October 30, 2024. The stock has been on a downward trend for the past 12 days, with a consecutive fall of -15.71% in returns during this period. This has led to a 'Strong Sell' call by MarketsMOJO.

On October 30, the stock hit a new low of Rs.348.35, underperforming the sector by -1.69%. Delhivery's performance has been lower than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in the stock's price.

In comparison to the Sensex, Delhivery's performance in the past year has been -16.31%, while the Sensex has seen a growth of 24.79%. This further highlights the underperformance of Delhivery's stock.

While the reasons for the dip in Delhivery's stock price are not mentioned, investors may want to keep an eye on the company's financial performance and market trends before making any investment decisions. As of now, the stock is not showing any signs of improvement and may continue to underperform in the near future.