Delhivery block deal: Some veteran investors, including Morgan Stanley, have bought shares in the block deal with which the shares of Delhiwari fell from the flock on Thursday 26 June. Some domestic mutual funds have also bought shares under the block deal. Talking about a business day earlier, the stocks fell 0.82% to close at ₹ 384.95 at the last of the day due to the block deal. However, it slipped to ₹ 381.00 (Delhivery Share Price) in intra-day. The block deal was at an average price of ₹ 387 per share.
Who bought how many shares and who sold?
According to official data released on Thursday evening, Morgan Stanley, City Group, HDFC Mutual Fund, Axis Mutual Fund and Tata Mutual Fund etc. were purchased for shares under the block deal. The Nexus Opechakulets Fund and Nexus Ventures 3 sold the shares under this deal in early trade on Thursday. According to the March quarter shareholding pattern, Nexus Ventures 3 had a 5.88% stake (4.38 crore shares), out of which it has sold 1.02 crore shares and Nexus Opportunity Fund has sold 1.7 million shares. They have been sold at an average price of ₹ 387 per share.
How was the status of Delhivery shares in a year?
The shares of Delhi’s ₹ 487 were listed on 24 May 2022, about three years ago. Talking about the move of shares in a year, it was at ₹ 447.75 on 25 September 2024 last year, which is a record high of one year for its shares. In six months from this high, it fell 47.11% to ₹ 236.80 on 18 March 2025, which is a one year low for its shares. Now, talking further, the global brokerage firm McCwearry has given it out on the outparform and fixed the target price at ₹ 380.
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