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Delhivery launches digital shipping platform for small businesses; stock extends fall


Delhivery, a logistics services company, established a digital shipping platform for micro and small businesses on Monday. According to the company, Delhivery One integrates and unifies different shipping services that businesses require, such as post-purchase communication, analytics, international shipment, one-click connectivity with sales channels, NDR administration, and more. 

It enables small enterprises to ship without a minimum order amount and with a Rs 500 wallet recharge. It also provides cheaper shipping prices for bigger parcels weighing more than 5 kg. “Using Delhivery’s partnership with FedEx, Delhivery One enables small businesses to ship to over 220 countries seamlessly.” 

“The launch of Delhivery One is an important step toward enabling SMEs to thrive in the ever-changing eCommerce landscape.” “Our goal is to strengthen Delhivery’s position as the preferred shipping partner for micro and small businesses through a variety of value-added services,” stated Mohammed Ali, Head of SME and Direct Business at Delhivery. 


With Delhivery One focusing on SMEs and Vinculum as a partner for larger organizations, the company fulfills its customers’ software needs across all segments, he noted. 

The company said it offers a comprehensive range of logistics services, including express package transportation, PTL freight, TL freight, cross-border, supply chain, and technology services, through its nationwide network that covers over 18,500 pin codes. 

On the stock front, Delhivery declined for the second day in a row. The stock was last seen trading at Rs 408.35, down 2.61 percent. Today, approximately 25,000 shares traded on the BSE, which is much lower than the two-week average volume of 55,000 shares. The counter’s turnover was Rs 1.04 crore, with a market capitalisation (m-cap) of Rs 29,937.26 crore. 

So far in 2023, the counter has risen 23.13 percent. However, it has dropped by 26.86% in the last year. 

Today, the stock was trading lower than the 5-day, 10-day, and 20-day simple moving averages (SMAs), but higher than the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day relative strength index (RSI) for the stock was 49.73. A value less than 30 is considered oversold, while a value more than 70 is considered overbought. The stock has a price-to-equity (P/E) ratio of 54.79 and a price-to-book (P/B) ratio of 3.20. 

Trendlyne data reveal that the stock has an average target price of Rs 460, implying a potential upside of 12%. It has a one-year beta of 0.76, indicating a low level of risk.