Delhivery Ltd. , a prominent player in the logistics sector, recently witnessed a substantial block trade on the National Stock Exchange (NSE), signaling notable investor activity in the company's shares.

Block Trade Details

The block trade, which occurred on the NSE, involved a significant transaction of Delhivery shares. Here are the key details of the trade:

This large-scale transaction underscores the interest in Delhivery's stock among institutional investors or large shareholders. Block trades of this magnitude are often executed off the regular market to minimize the impact on the stock's price.

Implications for Investors

While the identity of the buyer or seller in this block trade remains undisclosed, such transactions can be significant for several reasons:

1. Market Sentiment: Large block trades can sometimes indicate changing perceptions about a company's future prospects among major investors.

2. Ownership Changes: This trade could potentially result in a shift in the company's ownership structure, depending on the parties involved.

3. Stock Price Impact: Although block trades are designed to have minimal immediate impact on stock prices, they may influence investor sentiment in the short term.

Investors and market analysts will likely keep a close eye on Delhivery's stock performance and any subsequent disclosures that might shed light on the nature of this transaction.

As always, individual investors are advised to conduct their own research and consider their investment goals before making any decisions based on market movements or large trades.

Delhivery , India's leading logistics and supply chain services company, has set new benchmarks in the industry during September, showcasing exceptional performance in e-commerce and freight delivery.

Record-Breaking Volumes

Delhivery processed a staggering 104.4 million e-commerce and freight shipments through its transportation network in September. The company shipped goods worth ₹19,500.00 crore, demonstrating its robust infrastructure and operational excellence.

Single-Day Peak

On its busiest day, Delhivery shipped an impressive 6.2 million e-commerce and freight packages, demonstrating its capacity to manage high-volume surges effectively. The company also set a record by serving 19,100 clients in a single day.

Lightning-Fast Deliveries

The company set a new speed record with its fastest delivery completed in just 5 minutes in Bangalore, highlighting its commitment to rapid service in urban areas.

Extended Reach and Efficiency

Delhivery's network proved its extensive coverage, with the farthest package traveling 3,690 kilometers from Gujarat to Mizoram, showcasing the company's wide-reaching logistics capabilities.

Financial Performance

Following the business update, Delhivery's shares gained over 2% in the stock market. The company recently reported strong quarterly results:

• Net profit rose 67% to ₹91.00 crore
• Revenue grew 6% to ₹2,294.00 crore
• EBITDA jumped 53% to ₹149.00 crore

The express parcel segment saw significant growth, with volumes increasing 14% to 208 million shipments and revenue rising 10% to ₹1,403.00 crore.

Strategic Expansion

Delhivery is planning to acquire Ecom Express for ₹1,407.00 crore, with approval from the Competition Commission of India (CCI) received for acquiring at least a 99.44% stake. This move is expected to further strengthen Delhivery's position in the logistics industry.

Delhivery's performance sets new industry standards and positions the company as a key player in supporting India's growing e-commerce sector. As the company continues to expand and improve its services, it remains at the forefront of India's logistics revolution.