Boost for Delhivery: Stock Rises Nearly 2% as CCI Clears Major ₹1,407 Cr Deal with Ecom Express
By Shishta Dutta | Published at: Jun 18, 2025 12:28 PM IST
June 18, 2025 — Delhivery Ltd (NSE: DELHIVERY) rose 1.74% to ₹365.00 in early trade on Tuesday after receiving the Competition Commission of India’s (CCI) approval for its ₹1,407 crore acquisition of a controlling stake in Ecom Express Ltd. The deal marks a strategic consolidation in India’s fast-evolving logistics and last-mile delivery sector, strengthening Delhivery’s position in a highly competitive market.
Stock Performance Snapshot (As of 11:08 AM IST)
| Metric | Value |
|---|---|
| Current Price | ₹365.00 |
| Day’s High/Low | ₹365.00 / ₹357.55 |
| Previous Close | ₹358.75 |
| VWAP | ₹361.52 |
| 52-Week High | ₹447.65 (25-Sep-2024) |
| 52-Week Low | ₹236.53 (13-Mar-2025) |
| Market Cap | ₹27,127.40 Cr |
| Free Float Market Cap | ₹18,557.74 Cr |
| Traded Volume (Lakhs) | 4.95 |
| Traded Value (₹ Cr) | 17.90 |
| Deliverable % | 40.91% |
Acquisition Overview
- Transaction Value: ₹1,407 crore
- Stake Type: Controlling interest in Ecom Express Ltd
- Objective: Bolster Delhivery’s footprint in secure and scalable last-mile delivery solutions, especially in e-commerce-heavy zones.
Price Momentum and Valuation
Delhivery shares have gained significantly from their 52-week low of ₹236.53, rallying nearly 53.7% to current levels. The company currently trades with an adjusted P/E of 167.11, higher than the NIFTY 500 sector average P/E of 172.64, reflecting strong investor expectations amid rising consolidation activity in the sector.
| Volatility & Risk Metrics | Value |
|---|---|
| Daily Volatility | 2.23% |
| Annualised Volatility | 42.60% |
| Impact Cost | 0.05% |
| Tick Size | ₹0.05 |
Regulatory Context
The Competition Act of 2002, which regulates combinations and market competition evaluations in India, has given this acquisition its approval. The clearance shows that the deal is in line with fair market practices and could help the sector as a whole.
About the Company
Delhivery Ltd, listed on NSE since May 24, 2022, is a leading logistics solution provider offering pan-India express parcel, heavy goods, and freight services. The company is part of the NIFTY 500 index and has aggressively expanded through tech-backed operations and strategic acquisitions.
The latest move into Ecom Express is expected to fortify its market share and operational efficiencies amid intensifying competition from rivals such as Amazon Logistics, Flipkart Ekart, and Blue Dart.
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