According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece
Delhivery had come out with a Rs 5,235 crore IPO in May 2022
At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, shows data
The stock was up over 5 per cent in Tuesday's trading session, and hit a high of Rs 359 on the BSE.
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Several brokerages bullish on the stock with target prices ranging between Rs 330 and Rs 700
Shares of logistics firm Delhivery and micro lender Five Star Business Finance are likely to be in focus on Monday
Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.
With Friday's decline, the stock price of Delhivery has corrected 46 per cent from its record high level of Rs 708.45, which it had touched on July 21, 2022
The logistics solution provider said it anticipate moderate growth in shipment volumes through the rest of the financial year.