Delhivery shares tank 12% on Q4 loss, CBO resignation; analysts see up to
32% upside
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Delhivery stock tumbles 12%, extends fall after recording loss in Q4
The management warned of 'swings' in the future, which meant there are still chances the company will incur losses as it stabilises operations.
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Delhivery stock sheds 12% after weak Q4 results, brokerages remain bullish | Mint
Shares of Delhivery cracked 12 percent in intra-day deals after the logistics company posted a net loss in the fourth quarter ending March 2024 (Q4FY24). The company reported a loss of ₹96.2 crore in the quarter under review as against a profit of ₹52.97 crore in the previous quarter (Q3FY24). However, on a YoY basis, its net loss narrowed from ₹117.5 crore in the same quarter last year.Its revenue for the quarter under review also fell over 7 percent to ₹1,878.77 versus ₹2,026.85 in the...
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Paytm's Shares Fall as Widening Losses Are Anticipated
Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg News reported Tuesday (May 21), one day before the company is set to issue an earnings report that will likely show growing losses. That decline is the second-worst drop during […]