Friday, 24 March, 2023

Delhivery Falls To All Time Low, Indian logistics Firm Quotes

<p>The shares of Delhivery have fallen by over 32%, rolling below its issue price from May, after the Indian logistics firm posted muted quarterly business growth this week. To this, the firm said that its supply chain service and truckload business volumes had shrunk in the quarter ending September. This has pushed the market cap of Delhivery to below $3.4 billion as it assumed in the pre-IPO round. Even though, it has assured the investors that it is on the path to recovery.</p>