India's Delhivery up on launching trucking terminal in Maharashtra

Delhivery

21/12/2023 08:50

** Shares of Delhivery  DELH.NS  up ~5.25% and set for
fourth consecutive session of gains
    ** Stock set for best one-day rise since mid-October and
four-day jump since mid-June if trend holds
    ** DELH on Wednesday launched its largest trucking terminal
in Maharashtra
    ** DELH rose 0.38% in the previous session, amid drop in
Indian small- and mid-cap, and blue-chip stocks
    ** Maharashtra facility is equipped to process over 32,000
shipments and 17,000 freight units per hour, says DELH
    ** Macquarie reiterated "outperform" rating and estimated a
44.4% growth in stock value in next 12 months, terming it the
"preferred India e-commerce proxy"
    ** Trading volume is 2.83 mln shares, 1.3 times the 30-day
avg - LSEG data
    ** Including day's gains DELH up 15% YTD, compared to 7.41% 
and 6.33% drop in Allcargo Logistics  ACLL.NS  and Blue Dart
Express  BLDT.NS , respectively

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