The FinTech Hub
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…
