Delhivery's Stock Hits 52-Week Low, Underperforms Sector Despite Recent Positive Trend

Delhivery, a leading logistics company in India, has recently hit a 52-week low in its stock price. On November 18, 2024, the stock price touched Rs. 326.85, which is the lowest it has been in the past year. This news has been confirmed by MarketsMOJO, a trusted source for stock market analysis and recommendations.

According to the price summary, Delhivery's stock has underperformed the sector by -0.36% today. However, there is a positive trend reversal as the stock has gained after 6 consecutive days of falling. In fact, the stock opened with a gain of 3.91% today and touched an intraday high of Rs. 343.35, which is a 4.06% increase.

It is worth noting that Delhivery's stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

In comparison to the overall market performance, Delhivery's stock has not been doing well in the past year. Its 1-year performance is -18.13%, while the Sensex has shown a positive growth of 17.42%. This could be a cause for concern for investors.

Delhivery is a largecap company in the logistics industry, providing end-to-end solutions for e-commerce, retail, and other businesses. While the current stock price may be a cause for worry, it is important to note that this is just one aspect of the company's overall performance. Investors should consider all factors before making any decisions.