India's Delhivery hits 6-month high on block deals

Delhivery

27/04/2023 09:27

** Shares of Delhivery Ltd  DELH.NS  rise as much as 3.28%
to 382.60 rupees, a six-month high
    ** Over 3.41 mln shares change hands in three blocks as of
1:50 p.m. IST, at a price range between 371.4 rupees and 374
rupees 
    ** Relative strength index of the stock is 74, suggesting it
may be overbought - Refinitiv data
    ** Trading volume is 4.52 mln shares as of 1:50 p.m. IST,
more than twice the 30-day avg
    ** Of the 18 analysts tracking DELH, 12 maintain "buy", one
suggests "sell" and five recommend "hold"; median TP is 405
rupees 




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))