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08-09-2023 11:40 AM | Source: Accord Fintech
Delhivery moves up on winning contract from Havells India
News By Tags | #7233 #4717 #964 #6271

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Delhivery is currently trading at Rs. 416.20, up by 5.10 points or 1.24% from its previous closing of Rs. 411.10 on the BSE.

The scrip opened at Rs. 409.40 and has touched a high and low of Rs. 420.00 and Rs. 409.40 respectively. So far 17817 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 621.35 on 10-Aug-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. 424.90 and Rs. 396.10 respectively. The current market cap of the company is Rs. 30472.44 crore.

The Institutions and Non-Institutions held 80.15% and 19.84% stake in the company respectively.

Delhivery has won the contract to design, build, and operate the factory-to-customer supply chain for Havells India in western India. Covering Havells’ product portfolio of electrical and consumer goods, Delhivery will deploy its technology-led integrated warehousing and transportation solutions to deliver speed, precision, and faster complete end-to-end visibility.

Delhivery started its journey with Havells in 2017 by providing part-truck load (PTL) services. Over the years, Delhivery’s role has evolved from being a transportation service provider to a strategic partner in Havells’ growth journey. Strengthening this partnership further, Delhivery and Havells will jointly inaugurate new warehouses in western India to cater to the multi-channel demand spanning general and modern trade to emerging e-commerce retail. With its latest acquisition of Algorhythm tech, Delhivery will seek to unlock further value through data-driven optimization of Havells’ supply chain.

Delhivery is an Indian logistics and e-commerce supply chain company.