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E Commerce

Delhivery Shares Hit Fresh 52-Week Low At INR 312.40


SUMMARY

Shares of logistics major Delhivery plummeted 5% to hit a fresh 52-week low of INR 312.40 apiece during the intraday trading on the BSE

Prabhudas Lilladher recommended a ‘HOLD’ rating on the stock with a target price of INR 361, implying an upside potential of nearly 10% from the previous close

Delhivery’s B2C express volume growth has come under pressure in the last three quarters due to rising insourcing by Meesho, said Prabhudas Lilladher

Shares of logistics major Delhivery plummeted 5% to hit a fresh…



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