Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93 per cent stake for Rs 665 crore through open market transactions. Following the stake sale, shares of Delhivery on Thursday fell 2.21 per cent to trade at Rs 470.40 apiece on the NSE, and the scrip also slipped 2.15 per cent at Rs 470.25 per piece on the BSE. US-based Alpha Wave Global, through its affiliate, Alpha Wave Ventures, LP, offloaded a total of 1,44,44,800 shares in two tranches, representing a 1.93 per cent stake in Delhivery, as per the bulk deal data available on the BSE and NSE. The transactions executed on Wednesday in the price range of Rs 460.03-460.36 apiece, taking the combined deal value to Rs 664.74 crore. At the end of the March quarter, Alpha Wave Ventures, LP held a 1.93 per cent stake in Gurugram-based Delhivery. On Tuesday, venture capital firm Nexus Venture Partners sold more than 43 lakh shares of Delhivery for Rs 208 crore. In a separat
Market outlook by Ajit Mishra: The analyst from Religare Broking expects Nifty to consolidate in the near-term; among stocks he recommends Delhivery, Ather Energy and Aurobindo Pharma.
JM Financial said Delhivery is well-positioned for strong growth in the near to medium term, supported by a favourable industry structure.
Delhivery shares slipped nearly 6% despite reporting strong Q4FY26 earnings with sharp margin expansion and robust parcel growth. Analysts continue to remain bullish with targets up to ₹600
Logistics firm Delhivery on Saturday reported a marginal dip in net profit to Rs 72.39 crore in the March quarter of 2026 against Rs 72.55 crore in the corresponding quarter of the previous financial year. Total income of the company for the quarter under review stood at Rs 2,909 crore, up 26.31 per cent year-on-year from Rs 2,303 crore in Q4FY25, the company said. For FY 26, consolidated PAT declined 6.81 per cent year-on-year at Rs 152.54-crore from Rs 162.11-crore an year earlier. The company also announced the elevation of six senior leaders to executive leadership positions.
Q4FY26 company results: Firms including UNO Minda, Genus Power Infrastructures, Neogen Chemicals, Tatva Chintan Pharma Chem, and Rolex Rings are also to release their January-March earnings today
Shrikant Chouhan of Kotak Securities recommends 'Buy' on Delhivery and FIEM shares today. Check target prices, support, resistance, and growth outlook for April 21 trades
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Ajit Mishra of Religare Broking recommends buying the shares of BSE, Delhivery, and Glenmark Pharmaceuticals today; check all the key details here
Delhivery said the initiative forms a critical component of its strategy to decarbonise its urban delivery network and strengthen its sustainable logistics capabilities
Shrikant Chouhan of Kotak Securities recommends Mahindra & Mahindra and Delhivery as stocks to buy today. Check CMP, targets, support-resistance levels, and key growth triggers
In the December quarter, the company reported profit after tax (PAT) for Q3 at ₹40 crore, as compared to ₹25 crore a year ago
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Delhivery moved the court after it was alleged that several individuals were acting in concert to falsely project themselves as its representatives
Elara Capital has given a Buy rating to its top ports and logistics picks, including Adani Ports & SEZ, JSW Infrastructure and Delhivery
Motilal Oswal said the Nifty is trading at a 12-month forward P/E of 21.2x, near its long-period average of 20.8x, suggesting valuations are reasonable.