Delhivery falls to all-time low after muted growth report

Shares of Delhivery have dropped by over 32% since Thursday, tumbling below its issue price from May, after the Indian logistics firm posted muted quarterly business growth this week.
Delhivery said this week that its supply chain service and truckload business volumes had shrunk in the quarter ending September. Shares of Delhivery plunged on the news, dropping from 562 Indian rupees ($6.8) apiece to as low as 382 Indian rupees ($4.62) before slight recovery. Delhivery’s issue price was 487 Indian rupees, whereas its shares rose to record high of 708.45 Indian rupees in July.
The tumble has pu

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