India, April 17 -- Shares of logistics major Delhivery jumped 7.3% to INR 282.05 apiece during the intraday trading session on the BSE today.

The stock was up INR 280.70 per share on the BSE, as of 1:09 PM, reflecting a gain of 6.8% from its last close of INR 262.80 apiece.

The company's market capitalisation currently stands at INR 20,928.47 Cr ($2.44 Bn).

Delhivery informed stock exchanges on April 5, that it will acquire 99.4% stake in Ecom Express for INR 1,407 Cr ($165 Mn), which sums to about 80% valuation slash from the latter's last valuation of INR 7,300 Cr ($850 Mn).

The stock has been on the upturn for the past three straight sessions, while it is also set for its best day since mid-February.

While the stock has lost 41.68...