Delhivery hits highest level since listing, stock surges 36% in one month

Shares of Delhivery surged 7 per cent to Rs 635 on the BSE in Tuesday’s intraday trade on healthy business growth outlook. The stock of the logistics services provider was trading at its highest level since listing on May 24, 2022.

In the past one month, the stock has zoomed 36 per cent, as compared to 6 per cent rise in the S&P BSE Sensex. At current levels, Delhivery is 30 per cent higher over its issue price of Rs 487 per share. The stock had hit a low of Rs 474 on its debut day.

Delhivery is the largest and the fastest growing fully-integrated logistics services player in India by revenue as of FY22. It provides supply-chain