Delhivery shares fall after Softbank’s likely sale of 3.8% stake

Delhivery's Q3 revenue had declined 8.5%

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Delhivery traded over 1.5 percent lower in early trade on March 1 after 2.8 crore shares, amounting to 3.8 percent stake in the company, changed hands in a block deal. The buyers and sellers were not known immediately.

It was earlier reported that Softbank was planning to sell stake worth Rs 600 crore in the logistics company at a discount to market price. The Japanese tech conglomerate held 18.42 stake in Delhivery as of December 2022.

At 9.30 am, the stock was quoting at Rs 340.90 apiece on the National Stock Exchange, down 1.5 percent from the previous close. It later recouped some losses and was trading flat.

Follow our live blog for all the market action

Softbank's likely stake sale comes after Internet Fund III Pte Ltd, the venture capital fund managed by US-based investment management company Tiger Global Management, sold 1.7 percent stake on February 23.

After the recent paring of stake, Softbank will hold  14.62 percent and Tiger Global will hold 2.98 percent in the company.

Though the stock has gained over 13 percent in the past one month, the overall sentiment on new-age tech stocks remains negative. Delhivery has fallen over 36 percent since listing.

The company's losses keep mounting. It reported a net loss of Rs 195.7 crore against a net loss of Rs 127 crore in the year-ago quarter. Its revenue from operations fell to Rs 1,823.8 crore for the October-December period from Rs 2,019 crore in the year-ago quarter.

Delhivery's trailing twelve month operating loss stands at Rs 340 crore and it commands a market capitalization of Rs 25,000 crore. In comparison, Blue Dart's trailing 12-month operating profit is Rs 1030 crore while market cap is Rs 14,700 crore.

Meanwhile, analysts remain bullish on Delhivery's long-term prospects. As per Bloomberg, the stock has 13 buy calls, 4 hold and 2 sell calls. The 12-month consensus target on the stock is Rs 407 apiece, which indicates a 19.7 percent upside from the current level.