Delhivery shares gain 3% in trade today; here’s what’s driving stock

Delhivery shares gained 3 per cent in Thursday’s trade on BSE, logging an intraday high at Rs 335 per share. The stock surged after the company announced the launch of rapid commerce, a 2-hour delivery service, for brands.

Around 12:40 PM, Delhivery share price was up 2.49 per cent at Rs 333.25 per share on BSE. In comparison, the BSE Sensex was up 0.33 per cent at 76,973.78. The market capitalisation of the company stood at Rs 24,779.79 crore. The 52-week high of the stock was at Rs 488.05 per share and the 52-week low was at Rs 318.05 per share.