Delhivery Shares Surge 6.5% to 52-Week High of ₹491.70, Near IPO Price Milestone

Delhivery shares hit a landmark on June 22, 2026, surging 6.5% to a fresh 52-week high of ₹491.70 on the NSE, eclipsing the prior high of ₹490 set on June 19. The move brings Delhivery shares above the ₹487 IPO issue price from May 2022, a psychologically important milestone for the stock.

Over the past six months, Delhivery’s share price has increased by 13.9%, and over the last year, it has gained 24.16%. Peer logistics stocks Blue Dart Express (NSE: BLUEDART) and Mahindra Logistics (NSE: MAHLOG) also traded with a positive bias on the day. June 22 also marks Delhivery’s 15th incorporation anniversary, adding symbolic weight to the day’s price action.

Delhivery Shares Cross ₹491: What’s Behind the Move

The surge is not random. Two catalysts converged: strong FY26 results and a fresh Delhivery Maps product launch, lifting sentiment sharply in Monday’s session.

Key metrics for Delhivery shares on June 22, 2026:

• NSE price: ₹491.70 (intraday high)
• Day’s gain: +6.5%
• Previous 52-week high: ₹490.00 (June 19, 2026)
• 52-week low: ₹342.85
• Market cap: ~₹36,800 crore (estimated at ₹491.70)
• Mutual Fund shareholding: 33.16%
• IPO price (May 2022): ₹487 per share

Delhivery launched Delhivery Maps, an AI-native mapping suite commercially available from June 19, 2026. The platform launch directly adds a high-margin tech revenue layer to the core logistics business.

IPO Price Milestone: Why ₹487 Matters

Delhivery’s IPO price band was set at ₹487 per share. Bidding ran from May 11 to May 13, 2022, with the stock listing on BSE and NSE on May 24, 2022. The IPO raised ₹5,235 crore, comprising a fresh issue of ₹4,000 crore and an offer for sale of ₹1,235 crore. 

Trading above ₹487 for the first time since early post-listing sessions is a signal the market tracks closely. It means long-term IPO holders who held through the downturn are now back in positive territory, a confidence-reinforcing data point for the stock.

Delhivery Stock Jumps 7% After Motilal Oswal Initiates Buy Rating; Check the Target Price https://t.co/zfLUHcu0FR pic.twitter.com/oVM1Rc2nH2

— Trade Brains News (@TradeBrainsNews) June 22, 2026

FY26 Fundamentals: The Numbers That Built This Rally

The June 22 surge has a solid earnings foundation behind it, not just sentiment.

For FY26, Delhivery achieved total revenue of ₹10,486 crore compared to ₹8,932 crore in FY25, while EBITDA reached ₹764 crore, marking a significant improvement over the ₹376 crore reported the previous year. The core Transport business yielded a 16% return on invested capital.

FY26 financial highlights:

• Annual revenue: ₹10,486 crore (+17.6% YoY)
• EBITDA: ₹764 crore (7.3% margin, doubled YoY)
• Q4 FY26 revenue: ₹2,850 crore (+30% YoY)
• Q4 express parcel volumes: 306 million shipments (+72% YoY)
• Free cash flow: ₹89 crore positive (one year ahead of schedule)
• Cash & equivalents: ₹4,555 crore as of March 31, 2026

During FY26, Delhivery reached a significant scale, delivering 1 billion e-commerce parcels, matching the volume achieved during its first decade of operations.

Analyst Coverage and Sector Context

Analyst sentiment around Delhivery shares has strengthened meaningfully in recent weeks, providing a clear directional signal.

Macquarie reiterated its “Outperform” rating on Delhivery with a ₹570 target price, projecting 18% revenue CAGR and 41% EBITDA CAGR between FY26 and FY29.

Prabhudas Lilladher maintains its “Buy” call with a target of ₹534, expecting a 17% sales CAGR over the next two years and improved EBITDA margins of 8.9% in FY27 and 10.2% in FY28. Goldman Sachs holds a “Neutral” rating with a ₹480 target. The divergence in analyst targets reflects the ongoing debate between volume momentum and profitability pace.

Conclusion

Delhivery shares touching ₹491.70 on June 22, 2026, is a data-confirmed inflection point. Crossing the ₹487 IPO price after nearly four years, on the back of ₹10,486 crore in FY26 revenue, a doubled EBITDA, 1 billion parcels delivered, and a new AI mapping platform live from June 19, Delhivery shares have moved from recovery narrative to operational proof. With Macquarie’s ₹570 target and FY27 EBITDA expansion firmly in analyst models, the stock’s June 22 breakout carries fundamental weight.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.