India's Delhivery rises on two block deals

Delhivery

13/07/2023 07:09

** Shares of Indian logistics firm Delhivery  DELH.NS  up as
much as 2.95% at 404.90 rupees 
    ** About 1.3 mln co shares change hands in two block deals
priced between 400 rupees and 402.6 rupees apiece, as per
Refinitiv data 
    ** Stock set to gain after two sessions of losses  
    ** Shares trading above 50-, 100- and 200-day simple moving
averages, indicating bullish growth 
    ** More than 2.2 mln shares change hands by 11:24 a.m. IST, 
0.9x 30-day avg 
    ** Fourteen out of 19 analysts rate the stock "buy" or
higher, 4 suggest "hold" while 1 recommend "sell"; median TP is
435 rupees - Refinitiv data 
    ** YTD stock up ~21%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))