The shares of LIC fell 3% yesterday. The stocks of Delhivery soared 2%. Both the companies came out with Q4 results yesterday. What should be the investment strategy for these recently-listed stocks?
For the full financial year ended 2022, the logistic tech company's net loss swelled to Rs 1,011 crore, compared to Rs 415.7 crore in the previous year.
Stocks to Watch: Investors will react to LIC and Delhivery's Q4 numbers. The domestic GDP data for March quarter, slated to be released later today, will also be keenly monitored.
Express parcel volumes grew by 101%, far outstripping the industry volume growth of approximately 40%, the company said
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
The stock of logistics services provider got listed at Rs 493, 1.2 per cent higher against its issue price of Rs 487 per share on the BSE
Stocks to Watch: Grasim Industries, Adani Ports, JM Financials, Bank of India, Ipca Lab, Inox Wind, Jyothi Lab, and Metropolis Healthcare will be in focus ahead of their Q4 results today.
Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal
Market boom, success of global start-ups key drivers
The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times
Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.
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However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages
A day earlier, Delhivery raised Rs 2,346 crore from 64 anchor investors
Delhivery provides supply chain solutions to a diverse base of 23,113 active customers such as e-commerce marketplace, direct-to-consumers e-tailers, and enterprises across several verticals.
Major risks to the operating model of the logistics player include its heavy reliance on e-commerce, despite diversifying into other industry verticals, analysts say