Marquee investors including BNP Paribas Financial Markets, SBI Mutual Fund, and Nippon India Mutual Fund purchased Delhivery shares worth Rs 530 crore through Tuesday's block deal window at Rs 442 apiece. This surge in institutional buying reflects sustained interest in the logistics company's growth potential. Delhivery shares closed at Rs 460, marking a 4.20% gain from the previous close of Rs 441.45.
Key Buyers and Their Stakes
SBI Mutual Fund and Nippon India Mutual Fund led the purchases, each acquiring 45.75 lakh shares valued at Rs 202.2 crore. BNP Paribas Financial Markets, through its affiliate, bought 11.40 lakh shares for Rs 50.38 crore. Edelweiss Mutual Fund, ICICI Prudential Life Insurance Company Limited, and AlphaMine Absolute Return Fund each secured 5.7 lakh shares worth Rs 25.19 crore. These transactions highlight broad participation from domestic and global players.
Sellers Unload Significant Holdings
Nexus Ventures III Limited sold over 1.04 crore shares amounting to Rs 461.3 crore, while Nexus Opportunity Fund Limited offloaded 15.63 lakh shares for Rs 69.08 crore. BSE shareholding data shows Nexus Ventures held a 4.49% stake, equivalent to 3.35 crore shares, prior to these deals. Such sales by early backers often signal profit-taking after periods of strong appreciation.
Delhivery's Robust Market Performance
The stock has delivered 71% returns over the past year, far outpacing the Nifty's 8% and BSE Sensex's 6%, per Trendlyne data. Delhivery trades above its 50-day and 200-day simple moving averages of Rs 426 and Rs 431, respectively, indicating upward momentum. As a technology-driven logistics provider, the firm benefits from e-commerce expansion and supply chain efficiencies in India's growing market.
Implications for Investors
Institutional accumulation at these levels suggests optimism about Delhivery's operational improvements and sector tailwinds. Block deals at a discount to the closing price can stabilize sentiment, potentially drawing retail interest. For a company navigating competitive logistics, this capital inflow bolsters balance sheets and supports technology investments amid economic recovery.
