Delhivery Surges 4.92% to ₹276 as Logistics Stocks Attract Early Buying
Delhivery jumped nearly ₹13 on April 17 to close at ₹276, driven by bullish sentiment in logistics and optimism around e-commerce delivery growth.
Key Highlights:
Delhivery Ltd, India’s top listed logistics tech company, surged 4.92% in early trade on April 17, closing at ₹276.00, up ₹12.95 from the previous day’s close. The stock attracted strong interest during the opening hour as momentum in logistics and tech-enabled delivery firms spurred early buying.
Intraday Price Action Snapshot
- Open: ₹263.00
- High: ₹278.50
- Low: ₹262.20
- Close: ₹276.00
- Previous Close: ₹263.05
After opening with a gap-up, the stock shot past the ₹275 mark before consolidating just below its intraday high. Traders showed keen interest near the ₹270 level, reinforcing bullish sentiment.
Key Valuation Metrics
- Market Cap: ₹20,580 crore
- P/E Ratio: 1,011.14 (indicative of losses or negligible earnings)
- Dividend Yield: Nil
- 52-Week High: ₹469.50
- 52-Week Low: ₹236.53
The sky-high P/E ratio signals that the company is still in high-growth or recovery phase, with profits yet to stabilize. The stock remains a speculative play for investors seeking long-term digital logistics exposure.
What Sparked the Rally in Delhivery Today?
Several factors played a role:
- Broad-based buying in logistics and tech-enabled supply chain stocks.
- Renewed optimism in e-commerce and quick commerce demand in Tier-2/3 cities.
- Short-term traders betting on breakout above ₹270 support zone.
- Buzz around possible deal wins or institutional accumulation, though not officially confirmed.
Expert View: ₹280–₹285 Resistance Ahead
Technical analysts noted:
- ₹280–₹285 remains a strong resistance zone; a breakout could extend gains to ₹300.
- Support lies at ₹265, with stronger protection at ₹260.
- Momentum indicators show early signs of short-term bullish trend.
What This Means for You
If you’re a trader:
- Opportunity to ride momentum if stock holds above ₹270.
- Caution advised around ₹280 resistance — monitor for volume confirmation.
If you’re an investor:
- Delhivery continues to be a long-term growth story in Indian logistics, backed by digitization and retail expansion.
- Entry should be staggered and well-researched, as valuations are aggressive with earnings yet to stabilize.
How to Take Action
- Watch for Q4 earnings announcement — key focus on operational efficiency and delivery volume growth.
- Monitor developments around new client onboarding, expansion in warehousing, and last-mile delivery tie-ups.
- Benchmark against peers like Blue Dart, TCI Express, and Amazon-backed startups in India.
Who Will Be Affected
- Retail investors participating in new-age tech IPOs and logistics growth themes.
- Logistics-themed mutual funds or PMS with exposure to Delhivery.
- Day traders and swing traders operating near breakout levels on the daily chart.
Delhivery Share Price Jumps to ₹276 – Momentum Builds in Logistics Play
The Delhivery share price closed with a strong 4.92% gain on April 17, riding a wave of optimism in logistics and tech-driven delivery services. While the stock trades at premium valuations, market confidence is leaning bullish on the back of expected demand and digital supply chain growth.
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