Delhivery gains on partnering with eSamudaay
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Delhivery is currently trading at Rs. 319.50, up by 2.00 points or 0.63% from its previous closing of Rs. 317.50 on the BSE.
The scrip opened at Rs. 317.00 and has touched a high and low of Rs. 320.65 and Rs. 314.30 respectively. So far 31154 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 708.45 on 21-Jul-2022 and a 52 week low of Rs. 291.00 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 320.65 and Rs. 294.90 respectively. The current market cap of the company is Rs. 23265.89 crore.
The Institutions holding in the company stood at 20.64%, while Non-Institutions held 79.36% stake in the company.
Delhivery has partnered with eSamudaay, a software solution provider, to enable rural businesses to scale by serving customers across India. Coming together of Delhivery and eSamudaay, network partners of ONDC, effectively broadens the footprint of local products and aligns with the government of India's plans of 'Make in India, for the world’.
Bengaluru-based eSamudaay has launched a tech-enabled platform called TyohaarForever Platform to curate India's vast range of hyperlocal products produced by local artisans. Through the partnership, eSamudaay will leverage Delhivery's extensive pan-India network of 18,400 plus pin codes to make these local products accessible across the country.
The platform enabled the first set of cross-country orders for raw, unpasteurized Himalayan Honey produced by Tenacious Bee Collective. A Delhivery field executive picked up the products from Jia valley, located in the Kangra district of Himachal Pradesh, to ship to Delhi, Mumbai, and Bangalore. Tenacious Bee Collective is a start-up that brings local farmers on a single platform with apiarists and scientists. Their aim is to spread the use of raw and unpasteurised honey and help local beekeepers enhance their incomes. Tenacious Bee Collective is in the process of being onboarded on the ONDC network.
Delhivery is an Indian logistics and e-commerce supply chain company.
