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

Oct 29 2024 10:35 AM IST
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Delhivery, a leading logistics company in India, has recently hit a 52-week low on October 29, 2024, with its stock price closing at Rs. 354.35. This has resulted in a 'Strong Sell' call by MarketsMojo. The stock has also been underperforming the sector and its moving averages show a downward trend, indicating a bearish sentiment.

Delhivery, a leading logistics company in India, has recently seen a dip in its stock price, hitting a 52-week low on October 29, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a popular stock market analysis platform.

The stock price of Delhivery closed at Rs. 354.35 on October 29, which is the lowest it has been in the past 52 weeks. Today, the stock underperformed the sector by -0.97%. However, there is a silver lining as the stock has gained after 10 consecutive days of falling.

Delhivery's moving averages also show a downward trend, with the stock trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish sentiment in the market.

In comparison to the Sensex, Delhivery's performance in the past year has been -15.75%, while the Sensex has seen a growth of 24.70%. This further highlights the current struggles of the logistics industry in India.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers interested in the stock market and the performance of Delhivery as a largecap company in the logistics industry.
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