Delhivery Surges 5% to Five-Month High on Monday; ESOP Grant Signals Management Confidence

Mumbai, June 22: Shares of Delhivery (NSE: DELHIVERY) put in a compelling performance on Monday, staging a steady intraday climb that gathered pace sharply through the afternoon. The stock opened at ₹466.50 against a previous close of ₹461.10 — a modest gap-up — but the first half of the session was largely range-bound, with the counter consolidating between ₹465 and ₹473 through the morning hours.  

The real action came post-noon: from around 12:00 pm, Delhivery broke out decisively, surging to a session high of ₹491.70 before settling back to trade at ₹484.20 — up ₹23.10 or 5.01% on the day — as of 2:30 pm. The VWAP of ₹480.53, sitting comfortably above the open, confirms that the bulk of the day’s volume was transacted on the upside. The order book, however, showed a mild seller tilt — 56.24% sell orders (7,25,681 shares) against 43.76% buy orders (5,64,674 shares) — suggesting some profit-taking at higher levels even as the stock held firm. 

Weekly Trend 

The weekly chart paints a picture of steady, unhurried accumulation — a near-textbook grind higher with barely a down session in sight. Delhivery opened the week of June 15 around ₹451, dipped briefly to approximately ₹450 on June 16, and then began a composed but consistent ascent. By June 17 the stock was near ₹453, by June 18 it had moved to roughly ₹457, and by June 19 it closed the week at ₹461.10. Monday’s intraday high of ₹491.70 then took the counter to its strongest level in several months in a single session, effectively compressing five days of measured gains into one sharp move. The week-on-week trajectory — from ₹451 to an intraday peak of ₹491.70 — represents a gain of nearly 9% from the weekly low, a move that is likely to attract fresh momentum-driven interest. 

ESOP Grant: 1,87,375 Options Issued to Employees 

Adding a fundamental tailwind to the price action, Delhivery on June 19 (Last Friday) informed the stock exchanges that its nomination and remuneration committee has approved the grant of 1,87,375 stock options to eligible employees under the Delhivery Employees Stock Option Plan IV, 2021, with effect from June 22, 2026.  

Each stock option is convertible into one fully paid-up equity share of face value Re. 1, at an exercise price of Re. 1 per share. The options vest over a three-year graded schedule — 20% at the end of 12 months, 30% at the end of 24 months, and the remaining 50% at the end of 36 months from the date of grant — and can be exercised any time from the respective vesting date for as long as the employee remains in the company’s employment. Shares allotted on exercise will carry no lock-in and will rank pari passu with existing equity. The grant, made under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, aligns employee incentives with shareholder value at a time when the stock is gathering fresh momentum. 

Sources:

• NSE India, Delhivery BSE/NSE regulatory filing dated June 19, 2026
• https://www.nseindia.com/get-quote/equity/DELHIVERY/Delhivery-Limited