Delhivery shares fall 12% after Q4 results but brokerages see upside. Know why

Delhivery share price: Shares of Delhivery Ltd fell 12 per cent today (May 21) after the company posted Q4 results. Although, brokerages remain mostly positive on the stock post earnings in which Delhivery posted a loss of ₹68.5 crore in the quarter ended 31 March, 2024- down 57 per cent on a year-on-year (YoY) basis from a loss of ₹159 crore in the corresponding period last year. The company also said that its Executive Director and Chief Business Officer (CBO), Sandeep Kumar Barasia has resigned and July 1 will be his last working day.

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