Institutional investors executed block deals worth Rs 530 crore in Delhivery shares on Tuesday, with BNP Paribas Financial Markets among the prominent buyers at Rs 442 apiece. SBI Mutual Fund and Nippon India Mutual Fund each purchased 45.75 lakh shares valued at Rs 202.2 crore, while sellers Nexus Ventures funds offloaded over 1.2 crore shares. The transactions underscore growing confidence in the logistics firm's prospects amid its strong market performance.
Major Transactions Detail Buyer and Seller Activity
BNP Paribas Financial Markets acquired 11.40 lakh shares for Rs 50.38 crore through its affiliate. SBI Mutual Fund and Nippon India Mutual Fund dominated as the largest buyers, each securing 45.75 lakh shares at Rs 442 each. Edelweiss Mutual Fund, ICICI Prudential Life Insurance, and AlphaMine Absolute Return Fund each bought 5.7 lakh shares worth Rs 25.19 crore. On the sell side, Nexus Ventures III Limited parted with 1.04 crore shares for Rs 461.3 crore, and Nexus Opportunity Fund Limited sold 15.63 lakh shares for Rs 69.08 crore. BSE data shows Nexus Ventures previously held a 4.49% stake, equivalent to 3.35 crore shares.
Delhivery Shares Surge Amid Technical Strength
Delhivery shares closed at Rs 460, marking a 4.20% gain from the prior close of Rs 441.45. The stock has delivered 71% returns over the past year, far outpacing the Nifty's 8% and BSE Sensex's 6%, per Trendlyne data. Trading above its 50-day SMA of Rs 426 and 200-day SMA of Rs 431, the stock reflects sustained upward momentum in a competitive logistics sector.
Block Deals Signal Investor Optimism for Logistics Growth
These large off-market trades often indicate strategic repositioning by sophisticated investors, with buyers absorbing significant volumes from early backers like Nexus Ventures. For Delhivery, a technology-driven logistics provider, the activity highlights appeal amid e-commerce expansion and supply chain demands. Such institutional interest typically bolsters liquidity and supports valuation, positioning the company favorably against benchmarks in a recovering market.