Delhivery’s stock slump deepens; can healthy Q2 numbers reverse the slide?

A few stocks on Dalal Street continue to face extended sell-off pressure due to a variety of factors, including weak financial performance, rising competition, softening demand, and macroeconomic headwinds. As a result, these stocks remain sidelined, despite the overall market performing exceptionally well.

One such stock in this regard is Delhivery—India’s largest fully integrated logistics services provider—which has been on a downward trajectory since August 2022, with no significant pullbacks.