Delhivery plunges 13%; co sees moderate shipment volume growth in FY23

Shares of Delhivery plunged 13 per cent to Rs 486.95 on the BSE in Thursday’s intra-day trade after the logistics solution provider said it anticipates a moderate growth in shipment volumes through the rest of financial year 2023. (FY23).

With today’s decline, the stock price of the company has corrected 31 per cent from its record high level of Rs 708.45 touched on July 21, 2022. Delhivery made its market debut on May 24.

Currently, it is trading below its issue price of Rs 487 per share. It had hit a record low of Rs 456.05 on June 20.