Why Delhivery Shares Are Upbeat Today

Delhivery Ltd., a leading integrated logistics service provider, has announced a significant partnership with Havells India Limited. The collaboration entails Delhivery designing, constructing, and managing the factory-to-customer supply chain for Havells in the western part of the country.

The partnership will encompass Havells’ extensive product range, including electrical and consumer goods. This collaboration isn’t the first between the two companies. Delhivery began its association with Havells in 2017, offering part-truck load (PTL) services.

To further solidify this partnership, both companies will jointly launch new warehouses in western India. These facilities will address the diverse demand from general trade, modern trade, and the burgeoning e-commerce sector. As per Delhivery, its recent acquisition of Algorhythm tech will play a pivotal role in optimizing Havells’ supply chain through data-driven insights.

Price Action: Delhivery’s share price was up 1.39% to trade at ₹416.95. Havells’ share price was up 0.26% to trade at ₹1,327.05 in the early hours of trading on Wednesday.

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