The price range for the shares was set between Rs 555 to Rs 601.45, which would mean a discount of 7.7 per cent
Paytm shares go down 10 per cent after SoftBank pares holding; Delhivery, PolicyBazaar under pressure
Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.
FSN E-Commerce Ventures (Nykaa) issued a 5:1 bonus issue around the time the one-year lock-up for its pre-initial public offering (IPO) investors ended
CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge
With Friday's decline, the stock price of Delhivery has corrected 46 per cent from its record high level of Rs 708.45, which it had touched on July 21, 2022
The logistics solution provider said it anticipate moderate growth in shipment volumes through the rest of the financial year.
The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030
Self-employed persons, students, retired professionals, other job seekers may sign up as last-mile agents; they only need a two-wheeler, valid driving license and smartphone
Logistics firm Delhivery on Friday announced its plans to hire over 75,000 staff for seasonal jobs over the next one-and-a-half month and expand its parcel sortation capacity by 1.5 million shipments per day. Of these, over 10,000 people will be off-roll employees across Delhivery's gateways, warehouses, and last-mile delivery, the company said. The hiring is aimed at meeting the expected higher volumes in both parcels and express part-truck load business during the festive season, it added. The company's fully-automated mega gateway, which is equipped with the automated parcel and hub sortation at Tauru became operational in April this year. The company said it will also double down on its various partner programmes by onboarding individual bikers, local retailers, business partners and transporters with plans to roll out a revenue payout of Rs 150-crore across all programmes. Delhivery said it will hire 50,000 last-mile agents under its Last-Mile Agent programme alone, which off
Analysts, which expect improvement in the second half, are currently bearish on the stock
CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent
The firm's total income rose 32% to Rs 1,795 crore in Q1FY23
Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.
Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts
At 01:58 PM, Delhivery commanded a market-cap of Rs 50,382 crore, and ranked 95th in the overall m-cap ranking list, BSE data shows
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
Shares of Delhivery surged 7 per cent to Rs 635 on the BSE in Tuesday's intraday trade on healthy business growth outlook
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
Majority say no to the plan; new-age companies have faced similar hurdles