Delhivery share price falls over 5% after Q3 miss; time to buy or sell?

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Delhivery share price falls over 5% after Q3 miss; time to buy or sell? - Business Standard

Quick Summary:

Capital inflow in the sector remains limited, and management expects competitors to raise prices to maintain solvency, which could benefit Delhivery by driving revenue growth.

Despite Q3 being a seasonally strong quarter for Express Parcel due to festivities, the company failed to deliver strong growth due to consumption slowdown along with rise of quick commerce and insourcing at Meesho.

At 12:15 PM, Delhivery shares were hovering near the day’s low level as against a 0.9-per cent (690 points) fall in the benchmark BSE Sensex index.