The FinTech Hub
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Hyundai Motor, BHEL, Delhivery, Emami Shares of Hyundai Motor, BHEL, Delhivery, Emami will remain in focus on Friday as companies will be announcing fourth quarter results. Bharti Airtel Singtel’s subsidiary, Pastel, plans to offload a 0.8% stake in…
Source: Live Mint Brokerage JM Financial, in its preview for Q4FY25, indicated that variations in corporate performances across the internet sector are anticipated due to specific trends within each segment. Although growth in food delivery for Eternal (Zomato) and Swiggy is predicted to slow down, substantial growth in quick commerce (QC) is expected to be…
Source: Live Mint Third-party logistics company Delhivery will acquire Ecom Express Limited for ₹1,407 crore. The company informed the exchanges on Saturday, April 5, that the Board has approved to buy nearly 99.4% of shares of Ecom Express. “We wish to inform you that the board of directors of Delhivery Limited (“the Board” and “the…
Source: Live Mint Stock Market Today: Delhivery share price gained 3% during the intraday trades on Thursday. The company made a announcemnet pertaining to launch of 2-hour delivery service Delhivery share price that opened at ₹327.40 on the BSE on Thursday, sligtly higher than the previus close of ₹325.15. The Delhivery share price thereafter saw…
Source: Live Mint Delhivery Ltd’s shares are hovering near their 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment remains subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce. Further, the rise of in-house delivery fleets by e-commerce giants such as Meesho has…
Source: Live Mint A few stocks on Dalal Street continue to face extended sell-off pressure due to a variety of factors, including weak financial performance, rising competition, softening demand, and macroeconomic headwinds. As a result, these stocks remain sidelined, despite the overall market performing exceptionally well. One such stock in this regard is Delhivery—India’s largest…
Source: Live Mint Delhivery share price rallied nearly 4% on Monday after the logistics company reported net profit for the second quarter in a row. Delhivery shares gained as much as 3.93% to ₹343.35 apiece on the BSE. Delhivery reported a consolidated net profit of ₹10.2 crore in the second quarter ended September 30, as…
Source: Live Mint Mutual funds significantly increased their stake in Delhivery, a logistics and supply chain services provider, during the second quarter of the current fiscal year (Q2FY25) to an all-time high. As of the end of September 2024, 22 mutual funds collectively held a 24.91% stake in Delhivery, equivalent to 18.43 crore shares. This…
Source: Live Mint Delhivery Ltd is on a rocky journey as the market turf is changing for the leading logistics company in the express parcel and part truckload segments. Also, India’s third-party logistics sector is facing some headwinds amid increasing competition from established players and as online marketplaces like Meesho opt for their own delivery…
Source: Business Standard 3 min read Last Updated : Sep 13 2024 | 7:03 PM IST Logistics firm Delhivery has alleged that its IPO-bound rival, Ecom Express, has misrepresented numbers related to the two companies’ business metrics in its draft red herring prospectus (DRHP). These are related to metrics such as shipment volumes,…
