Delhivery's Stock Price Declines by -3.64% on November 4th, 2024, Reaches 52-Week Low.

Delhivery, a leading logistics company in India, has recently faced a decline in its stock price. On November 4th, 2024, the company's stock lost -3.64%, leading to a 'Strong Sell' call by MarketsMOJO.

According to price summary data, Delhivery's stock is currently trading close to its 52-week low, with a difference of only 1.37%. The stock also underperformed the sector by -3.78% on the same day. This trend reversal comes after three consecutive days of gains for the company's stock.

On November 4th, Delhivery's stock touched an intraday low of Rs 352.5, which is a decrease of -3.78%. The company's stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In comparison to the overall market performance, Delhivery's stock has underperformed. On the same day, the company's stock had a 1-day performance of -3.44%, while the Sensex had a performance of -1.58%. Similarly, in the past month, Delhivery's stock has seen a decline of -13.60%, while the Sensex has only seen a decline of -3.94%.

While the reasons for this decline in Delhivery's stock price are not mentioned, investors should keep an eye on the company's performance in the coming days. As a largecap company in the logistics industry, Delhivery's stock is closely watched by investors and any significant changes in its performance can have an impact on the market.