During Thursday’s trading session, shares of India’s largest fully integrated logistics service provider are in focus on the stock exchanges, after nearly 1.2 crore equity shares worth Rs. 461 crores exchanged hands via a block deal.
With a market cap of Rs. 28,713 crores, at 02:30 p.m., the shares of Delhivery Limited were trading in the red at Rs. 384.9 on BSE, down by around 1 percent, as compared to its previous closing price of Rs. 388.15. The stock has delivered negative returns of more than 3 percent in one year, but has gained nearly 6 percent in the last one month.
What’s the News
A large block deal involving nearly 1.2 crore equity shares of Delhivery Limited, worth around Rs. 461 crore, took place on the stock exchanges. According to sources, these shares were traded at Rs. 388 per share in the block deal window. However, the identities of the buyers and sellers involved in the transaction remain undisclosed.
This development comes shortly after Delhivery, on 17th June, announced that its Board and the Competition Commission of India (CCI) had approved its plan to acquire a 99.4 percent controlling stake in Ecom Express Limited for up to Rs. 1,407 crore.
Delhivery stated that the acquisition is aimed at enhancing scale, service quality, asset utilisation, and boosting profitability by network expansion, increasing shipment volumes and cutting overlapping costs.
The company also noted that this integration is expected to be smoother compared to its 2021 acquisition of SpotOn Logistics, which had faced challenges related to customer retention and volume absorption.
Financials & More
Delhivery reported a marginal growth in revenue from operations, experiencing a rise of nearly 6 percent YoY, increasing from Rs. 2,076 crores in Q4 FY24 to Rs. 2,192 crores in Q4 FY25.
Notably, the company transitioned to profitability during the same period, reporting a net profit of Rs. 73 crores, compared to a net loss of Rs. 68 crores over the same period.
Delhivery Limited is engaged in the business of warehousing and last-mile logistics, along with designing and deploying logistics management systems. The company also provides logistics and supply chain consulting/advice, inbound/procurement support and other similar activities. It covers a nationwide network of over 18,800 PIN codes.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Midcap stock in focus after 1.2 Cr shares worth ₹461 Cr exchanged hands via block deal appeared first on Trade Brains.