They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown
Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends
Service will improve consumer experience and reduce return rates, says company that recently launched an IPO
SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players
While announcing its Q4FY22 results, Delhivery said that majority of the investments made by the company in FY22 were towards capacity and capability building in the form of capex.
Shares are now up 10% from Delhivery's debut, which Sahil Barua, the CEO, thinks signals solid appetite for risk in India's public markets despite a drop in financing from venture capital firms.
The shares of LIC fell 3% yesterday. The stocks of Delhivery soared 2%. Both the companies came out with Q4 results yesterday. What should be the investment strategy for these recently-listed stocks?
For the full financial year ended 2022, the logistic tech company's net loss swelled to Rs 1,011 crore, compared to Rs 415.7 crore in the previous year.
Stocks to Watch: Investors will react to LIC and Delhivery's Q4 numbers. The domestic GDP data for March quarter, slated to be released later today, will also be keenly monitored.
Express parcel volumes grew by 101%, far outstripping the industry volume growth of approximately 40%, the company said
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
The stock of logistics services provider got listed at Rs 493, 1.2 per cent higher against its issue price of Rs 487 per share on the BSE
Stocks to Watch: Grasim Industries, Adani Ports, JM Financials, Bank of India, Ipca Lab, Inox Wind, Jyothi Lab, and Metropolis Healthcare will be in focus ahead of their Q4 results today.
Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal
Market boom, success of global start-ups key drivers
The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates