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Delhivery shares jump more than 10% in early trading as stocks list today

Shortpedia

Content Team
Image Credit: delhivery

Delhivery, the SoftBank-backed Indian logistics firm climbed in early trading as investors brushed off rising global risks to support the nation’s second-largest initial public offering of the year in its market debut. The shares rose as much as 12% to 543.95 rupees in Mumbai, versus the issue price of 487 rupees. The listing day pop contrasts with last week’s debut of state-run insurer LIC, which dropped 7.8% in its first trading day.