Market News
3 min read | Updated on February 10, 2025, 12:10 IST
SUMMARY
Shares of logistics unicorn Delhivery Ltd dived as much as 4.9% to hit their 52-week low of ₹299.8 apiece on the NSE. Shares of state-run RITES Ltd dropped as much as 1.8% to hit their 52-week low of ₹228.05 apiece on the NSE.
Stock list
Delhivery, Swiggy, RITES among 90 others hit 52-week high today; check full list | Image: Shutterstock
As many as 93 stocks hit their lowest level in 52 weeks on Monday, February 10, on the National Stock Exchange of India (NSE), as the broader markets continued to trade in the negative.
As of 11:07 am, the benchmark NIFTY 50 was trading at 23,396.3, down 163.65 points, or 0.7%. The BSE SENSEX, meanwhile, was trading 532.22 points, or 0.7%, lower at 77,328.
The volatility index, or India VIX, shot up 6.1% to 14.52. All the sectoral indices were trading in the red, except the NIFTY FMCG Index which was marginally up by 0.2%. The NIFTY Metal and NIFTY Realty indices were the top losers, down 2.6% and 2.7%, respectively.
Here’s a look at the major stocks that touched their 52-week lows on Monday, February 10:
Delhivery on Monday reported a 114% year-on-year rise in its consolidated profit to ₹25 crore for the Q3FY25 compared to ₹11.7 crore a year ago. Revenue from operations stood at ₹2,378 crore during the quarter, up 8% from ₹2,194 crore in Q3 FY24.
Delhivery shares are now down for a fourth consecutive session and have fallen close to 8.5% cumulatively during this period. In the last one year, the stock has declined over 28%.
Last week, Swiggy reported a net loss of ₹800 crore for the December quarter, widening the net loss compared to ₹574 crore in the year-ago period. Its revenue increased by 31% to ₹3,993 crore in Q3FY25 compared to ₹3,049 crore in Q3FY24.
The RITES stock has been in a downward spiral of late after the Union Budget 2025 kept allocation for the railway sector unchanged at ₹2.55 lakh crore for 2025-26, contrary to wide anticipations of a 15-20% increase in the allocation for the railways sector to a record high of ₹3 lakh crore.
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