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The Competition Commission of India has approved Delhivery's acquisition of Ecom Express. This deal is worth approximately Rs 1,407 crore. It will significantly consolidate India's logistics sector. The acquisition aims to strengthen Delhivery's position in last-mile delivery. It will also expand warehousing and fulfillment services. Analysts predict a potential upside for Delhivery shares. The average target price is Rs 413.
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In the Nifty 500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 17, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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Tragedy struck Khan Younis as at least 51 Palestinians were killed and over 200 wounded while awaiting aid trucks. Witnesses reported an Israeli airstrike followed by gunfire on the crowd. The Israeli military acknowledged the incident, stating soldiers fired upon a gathering near a stuck aid truck and will investigate the casualties.
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