Delhivery jumps on launching Rapid Commerce - a sub 2-hour delivery service for brands
Delhivery is currently trading at Rs. 332.70, up by 7.55 points or 2.32% from its previous closing of Rs. 325.15 on the BSE.
The scrip opened at Rs. 327.40 and has touched a high and low of Rs. 335.00 and Rs. 323.40 respectively. So far 59005 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 488.05 on 05-Feb-2024 and a 52 week low of Rs. 318.05 on 15-Jan-2025.
Last one week high and low of the scrip stood at Rs. 342.00 and Rs. 318.05 respectively. The current market cap of the company is Rs. 24783.51 crore.
The Institutions and Non-Institutions held 82.74% and 17.26% stake in the company respectively.
Delhivery has launched Rapid Commerce - a sub 2-hour delivery service for brands looking to fulfill the increasing demand for faster order deliveries by consumers. The service, launched first in Bengaluru, has already started processing over 300 orders daily, demonstrating strong early demand for the offering. For D2C brands, retailers and e-commerce brands – the service enables them to offer significantly faster delivery times, thereby improving customer experience on their own platform.
Delhivery plans to expand the Rapid Stores offering across other metro cities including Bengaluru, Hyderabad, Chennai, NCR, Mumbai, Pune and Ahmedabad in the coming months. The service addresses needs of brands across categories such as Beauty and Personal Care, Apparel and Fashion, Electronics and Accessories etc., which were traditionally reliant on standard e-commerce delivery timelines, to reach consumers within hours of the order being placed on their platform.
Delhivery is an Indian logistics and e-commerce supply chain company.
