Synopsis:

Delhivery’s stock fell 9% after Q2 results. Revenue grew 16.8% YoY to Rs. 2,559 Crores, but net profit turned to a Rs. 50.5 Crore loss, compared to profits.

The shares of the Mid-Cap company specializing in providing end-to-end logistics and supply chain services, including express parcel delivery, freight (PTL and FTL), warehousing, and cross-border services, are in focus as the stock has declined upto 9 percent in the intraday trade. In this article, let’s explore the reason behind the fall.

With a market capitalization of Rs. 33,562.19 crores on Thursday, the shares of Delhivery Ltd declined by 8.5 percent, reaching a low of Rs. 443.35 per share compared to its previous closing price of Rs. 484.95 per share.

Reason for the Fall

Delhivery Ltd, engaged in providing end-

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