Delhivery introduces “Delhivery One,” a digital shipping platform for small enterprises, offering comprehensive shipping services and post-purchase communication. Simultaneously, Delhivery’s stock faces extended decline amid the launch, reflecting market challenges.
Delhivery One : Enhancing Shipping Solutions for SMEs
- Logistics services provider Delhivery introduced “Delhivery One,” a digital shipping platform tailored for micro and small enterprises, aiming to streamline shipping processes and enhance post-purchase communication.
- Delhivery One integrates various shipping services, including post-purchase communication, analytics, international shipping, one-click integration with sales channels, NDR management, and more, catering to the diverse needs of small businesses.
- The platform allows smaller businesses to ship without a minimum order value and offers discounted shipping rates for parcels above 5 kg. It enables shipping to over 220 countries through Delhivery’s partnership with FedEx.
Empowering SMEs: A Strategic Move
- Mohammed Ali, Head of SME and Direct Business at Delhivery, expressed that Delhivery One is designed to empower SMEs and reinforce the company’s position as a preferred shipping partner for micro and small enterprises.
- Delhivery’s strategic partnership with Vinculum addresses software requirements for both SMEs and larger enterprises, ensuring comprehensive coverage of customer needs.
- With its vast network covering more than 18,500 pin codes, Delhivery provides an array of logistics services, including express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.
Stock Market Performance: Challenges and Trends
- Decline in Stock Value: On the stock market front, Delhivery’s stock faced a decline for the second consecutive session, with the scrip trading 2.61% lower at Rs 408.35.
- Trading Volume and Turnover: The trading volume for the day was around 25,000 shares on the BSE, significantly below the two-week average volume of 55,000 shares, with a turnover of Rs 1.04 crore.
- Market Capitalization: The company’s market capitalization (m-cap) was reported at Rs 29,937.26 crore.
- Mixed Yearly Performance: In 2023, the stock has witnessed a gain of 23.13%. However, it experienced a decline of 26.86% in the past year.
- Moving Averages and RSI: The stock’s recent performance placed it below the 5-day, 10-day, and 20-day simple moving averages (SMAs), while it remained above the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day relative strength index (RSI) for the stock was recorded at 49.73, indicating a balanced position. An RSI below 30 is considered oversold, while above 70 is deemed overbought.
- Valuation Metrics: Delhivery’s stock has a negative price-to-equity (P/E) ratio of 54.79 and a price-to-book (P/B) value of 3.20.
- Projected Upside Potential: Trendlyne data suggests an average target price of Rs 460 for the stock, implying a potential upside of 12%.
- Volatility Analysis: The stock’s one-year beta stands at 0.76, indicating relatively low volatility.
Delhivery One : Navigating Growth and Market Dynamics
- The launch of Delhivery One demonstrates the company’s commitment to supporting SMEs and adapting to the dynamic eCommerce landscape. Meanwhile, its stock performance reflects a mixture of gains and declines, influenced by various market factors.