India's Delhivery gains on block deal

Delhivery

12/04/2024 08:59

** Shares of logistics firm Delhivery  DELH.NS  rise as much
a 6.2% to 478 rupees, highest since March 1
    ** Over 1 mln shares change hands in a block deal at 466.35
rupees per share, a 3.6% premium to Wednesday's close of 450.2
rupees per share- LSEG
    ** More than 4.2 mln shares change hands, 1.5x its 30-day
avg
    ** Twenty-one analysts covering the stock on avg have a
"buy" rating; median PT is 550 rupees - LSEG data
    ** DELH trading above its 200-day simple moving avg since
late-Jan.
    ** Stock gained ~15% in March quarter


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))