24 May 2024

Delhivery gains on entering into partnership with SUGAR Cosmetics

Delhivery is currently trading at Rs. 404.70, up by 1.00 points or 0.25% from its previous closing of Rs. 403.70 on the BSE.

The scrip opened at Rs. 403.10 and has touched a high and low of Rs. 405.95 and Rs. 397.15 respectively. So far 38002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 488.05 on 05-Feb-2024 and a 52 week low of Rs. 345.00 on 31-May-2023.

Last one week high and low of the scrip stood at Rs. 459.30 and Rs. 383.55 respectively. The current market cap of the company is Rs. 29641.56 crore.

The Institutions and Non-Institutions held 83.25% and 16.75%, stake in the company respectively.

Delhivery has entered into partnership with SUGAR Cosmetics, a home-grown beauty brand to spearhead its pan-India B2B logistic operations. Its extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services will ensure faster delivery of B2B consignments, allowing SUGAR Cosmetics to better serve their retail partners.

Earlier, the company had received approval for incorporation of wholly owned subsidiary namely ‘Delhivery Robotics India’ in India. 

Delhivery is an Indian logistics and e-commerce supply chain company.