India's Delhivery rises 7% after PE firm Carlyle proposes to sell stake

Delhivery

22/06/2023 05:03

** Shares of logistics firm Delhivery  DELH.NS  rise as much
as 7.12% to 416.25 rupees, hitting highest level since Nov. 9,
2022
    ** Private equity firm Carlyle has proposed to exit DELH by
selling remaining 2.53% stake, according to a term sheet seen by
Reuters on Thursday  urn:newsml:reuters.com:*:nL4N38E0F8
    ** 187,005 shares traded in one block at a price of 409.25
rupees as of 9:21 a.m. IST
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** More than 2.5 mln shares change hands, 1.8x the 30-day
avg
    ** Avg rating of 17 analysts close to equivalent of "buy",
median PT is 420 rupees - Refinitiv data
    ** Stock up 17.24% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))