Here's why LIC, PB Fintech, Delhivery sunk to all-time lows in a firm mkt

With Friday's decline, the stock price of Delhivery has corrected 46 per cent from its record high level of Rs 708.45, which it had touched on July 21, 2022

Shares of Life Insurance Corporation of India (LIC), PB Fintech and Delhivery have continued their southward journey, as shares hit their respective all-time lows in Friday’s intra-day trade, in an otherwise firm market.

Among individual stocks, shares of Delhivery tanked 19 per cent to Rs 382.75 per share, on the back of heavy volumes. In the past two days, the stock of the logistics solution provider plunged 31 per cent as it anticipates moderate growth in shipment volumes through the rest of the financial year 2023 (FY23). Moreover, the stock has fallen below its previous low of Rs 456.05,