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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,…
Source: Live Mint Abhimanyu, the sixteen-year-old son of the mighty archer Arjuna, was displaying breathtaking bravery in the Mahabharata war. He not only killed a number of prominent warriors on the enemy side, but also managed to break the flagstaff of Bhishma, the supreme commander of the Kauravas, in a hugely symbolic moment. The energy…
