Delhivery rises on getting nod to incorporate wholly owned subsidiary

18 May 2024 Evaluate

Delhivery is currently trading at Rs. 457.20, up by 3.35 points or 0.74% from its previous closing of Rs. 453.85 on the BSE.

The scrip opened at Rs. 457.20 and has touched a high and low of Rs. 457.20 and Rs. 457.20 respectively. So far 759 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. 341.05 on 22-May-2023.

Last one week high and low of the scrip stood at Rs. 461.00 and Rs. 442.20 respectively. The current market cap of the company is Rs. 33468.89 crore.

The Institutions holding in the company stood at 83.25%, while Non-Institutions held 16.75% in the company.  

Delhivery has received approval for incorporation of wholly owned subsidiary namely ‘Delhivery Robotics India’ in India. The objective of incorporation of wholly owned subsidiary is to conduct cutting-edge Research and Development (R&D) in UAV technology, focusing on various form factors and payloads for eventual type certification and commercialization; to offer Drone as a Service (DaaS), for shipment movement and remote sensing; to provide UAV Pilot Training, certifying pilots for internal use and obtaining licenses from DGCA, with deployment for ground operations and to engage in Drone Manufacturing, producing and selling UAVs globally, involving third-party manufacturing of composite airframe components, procurement of components, integration, quality testing, and flight trials. 

The Board of Directors of the company at its meeting held on May 17, 2024 considered and approved the same. 

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

Delhivery Share Price

384.75 -7.80 (-1.99%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Delhivery 384.75
Blue Dart Express 7299.00
VL E-Governance & IT 56.05
Corporate Courier 2.98
Skypak Service Spec.
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