14-09-2023 01:56 PM | Source: Accord Fintech
Delhivery surges on launching `LocateOne`

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Delhivery is currently trading at Rs. 440.00, up by 10.30 points or 2.40% from its previous closing of Rs. 429.70 on the BSE.

The scrip opened at Rs. 429.70 and has touched a high and low of Rs. 443.55 and Rs. 429.65 respectively. So far 12072 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 608.35 on 06-Oct-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. 447.65 and Rs. 410.40 respectively. The current market cap of the company is Rs. 32204.44 crore.

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

Delhivery has launched ‘LocateOne’ - a location intelligence solution, to expand its software offerings on the OS1 platform. Earlier this year, the company had released ‘DispatchOne’ - a delivery management solution, as the first offering on OS1. 

OS1 offers a full suite of software solutions for businesses to run their logistics and supply chain operations efficiently. Developed in-house, the OS1 platform is backed by Delhivery’s more than 10 years of experience in building cutting-edge technology solutions for logistics. With this launch, the software platform now offers two solutions: ‘LocateOne’ and ‘DispatchOne’. 

LocateOne is an API-based location intelligence stack that enriches inaccurate and poor-quality address data, improves rooftop accuracy, and helps reduce address fraud across businesses in Retail, CPG, eCommerce, Fintech, Banking, and Financial Services. It is built on top of Delhivery's patented address disambiguation and address identification technology.

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