Shares of logistics firm Delhivery hit a 52-week low of 306.50 rupees (around US$3,54) during intraday trading on Jan. 28, on the Bombay Stock Exchange.

However, the stock recovered to 317.45 rupees (around US$3,67), marking an increase of 1.21%.

Delhivery’s market capitalization now stands at 23,601.22 crore rupees (around US$2.7 billion), with approximately 770,000 shares traded during the session.

This is the second straight trading session in which the stock reached a new 52-week high, although it has closed the last three sessions in the red.

The company’s stock has suffered recently, with an 8.38% decline over the past month and a 25.51% drop in the past year.