Delhivery Shares Jump 4.6% In Morning Trade

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SUMMARY

The stock’s rally comes despite the company receiving a tax demand notice of INR 3.32 Cr from the Goods and Services Tax (GST) authorities in West Bengal

Just a day before receiving this GST notice, the company allotted over 8.2 Lakh equity shares under its various employee stock option (ESOP) schemes

Despite strong Q3 performance, the stock has dipped 13.60% at the previous closing price since its Q3 result announcement

Shares of logistics giant Delhivery surged as much as 4.6% during early trading hours on the…



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Delhivery Shares Jump 4.6% In Morning Trade


SUMMARY

The stock’s rally comes despite the company receiving a tax demand notice of INR 3.32 Cr from the Goods and Services Tax (GST) authorities in West Bengal

Just a day before receiving this GST notice, the company allotted over 8.2 Lakh equity shares under its various employee stock option (ESOP) schemes

Despite strong Q3 performance, the stock has dipped 13.60% at the previous closing price since its Q3 result announcement

Shares of logistics giant Delhivery surged as much as 4.6% during early trading hours on the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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