India, Nov. 6 -- Shares of logistics major Delhivery fell as much as 8.58% during intraday trading today to INR 443.35 after it announced a loss making September quarter on November 5. The company's shares were trading down 7.03% from previous close at INR 450.60 as of 13:36 IST. With the decline in share prices, Delhivery's market cap fell to $3.83 Bn.
Important to mention that the company's shares touched a fresh 52-week high of INR 489.95 during intra-day trading on November 4. Despite the decline today, Delhivery's shares have gained over 30% year-to-day.
The selling pressure for the company's stock today comes at the behest of the company plunging into losses in Q2 FY26, reporting a net loss of INR 50.5 Cr as against a profit of IN...
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