Delhivery Faces Market Challenges Amid Recent Stock Decline and Sector Underperformance

Jan 21 2025 02:20 PM IST
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Delhivery's stock experienced a decline on January 21, 2025, closing above its 52-week low but underperforming compared to its sector. After a brief rise, it fell following three days of gains. The stock remains above its 5-day moving average but below longer-term averages, indicating potential challenges ahead.
Delhivery, a key player in the logistics sector, saw its stock decline by 3.47% on January 21, 2025, closing at a level that is 4.43% above its 52-week low of Rs 318.05. This performance indicates a notable underperformance relative to its sector, lagging by 1.73%.

After a brief period of gains, the stock reversed its trend, falling following three consecutive days of increases. During the trading session, Delhivery reached an intraday low of Rs 332.8, reflecting a decrease of 3.26%.

In terms of moving averages, the stock price is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, Delhivery's stock has declined by 5.29%, while the broader Sensex index has decreased by 2.12%. The current market sentiment suggests challenges for the company in the prevailing trading environment.
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