Delhivery Ltd Gains 9.40%: 7 Key Factors Driving the Week’s Rally

29 June: Open Interest Surge Amid Mixed Signals

Delhivery began the week with a notable 10.08% increase in open interest in its derivatives segment, rising to 29,564 contracts. Despite the stock closing marginally lower at Rs.463.80 (-0.05%), this surge indicated heightened market activity and speculative positioning. The futures volume of 20,292 contracts and a combined derivatives market value of ₹77,285 lakhs underscored growing interest despite subdued investor participation in the cash segment. The stock traded above its 20-day to 200-day moving averages, signalling a longer-term uptrend, though it remained below the 5-day average, reflecting short-term consolidation.

30 June: Technical Momentum Shifts with Cautious Optimism

On 30 June, Delhivery’s stock price rose 1.76% to Rs.471.95, outperforming the Sensex which declined marginally by 0.01%. Technical indicators showed a transition from a clearly bullish to a mildly bullish stance. While daily moving averages remained positive, the MACD suggested mild bearishness on weekly and monthly charts, and the RSI indicated a neutral momentum. Bollinger Bands and other oscillators like KST and Dow Theory presented mixed signals, reflecting a balanced market sentiment. The stock’s year-to-date return of 14.9% and one-year gain of 21.1% significantly outpaced the Sensex’s negative returns, highlighting underlying strength.

1 July: New 52-Week Highs and Strong Intraday Rally

Delhivery surged 7.52% to close at Rs.507.45, hitting an intraday high of Rs.503.5 and a new 52-week high of Rs.493.85 earlier in the session. The stock outperformed its sector by 4.66% and the Sensex by 0.73%. Open interest in derivatives jumped 24.27% to 23,978 contracts, with futures and options volumes indicating fresh bullish bets. Despite a weighted average price suggesting some profit-taking, the overall trend was decisively positive. The stock traded above all key moving averages, reinforcing strong technical momentum. Year-to-date returns stood at 25.72%, with a one-year gain of 32.25%, underscoring robust relative strength.

2 July: New 52-Week High at Rs.514.15 Amid High-Value Trading

On 2 July, Delhivery reached a fresh 52-week high of Rs.514.15, despite closing slightly lower at Rs.509.35 (-0.71%). The stock recorded one of the highest traded values of the day at over ₹261 crore, with delivery volumes rising 23.2% to 81.07 lakh shares, signalling genuine investor accumulation. Open interest increased 11.6% to 26,134 contracts, reflecting sustained market interest. Technical indicators remained predominantly bullish, with daily moving averages and Bollinger Bands supporting the uptrend. The stock’s one-year gain of 30.63% contrasted favourably with the Sensex’s 7.16% decline, highlighting its resilience within the transport services sector.

3 July: New 52-Week High at Rs.514.25 and Weekly Close

Delhivery touched a new 52-week high of Rs.514.25 on 3 July, closing marginally lower at Rs.507.40 (-0.38%). The stock maintained its position above all major moving averages, signalling sustained bullish momentum. Despite the slight pullback, the stock outperformed the Sensex’s 0.15% gain on the day and closed the week with a strong 9.40% gain overall. Technical indicators such as MACD and Bollinger Bands remained predominantly bullish on weekly charts, while the Mojo Score stood at 60.0 with a Hold rating, upgraded from Sell in May 2026. The stock’s one-year gain of 30.73% further emphasises its relative strength within the transport services sector.

Daily Price Performance Comparison

Key Takeaways

Strong Price Momentum: Delhivery’s 9.40% weekly gain significantly outpaced the Sensex’s 1.31%, driven by multiple new 52-week highs and sustained buying interest.

Derivatives Market Activity: Sharp increases in open interest and futures volume throughout the week indicate growing speculative and directional bets, signalling heightened market confidence.

Technical Indicators Mixed but Bullish: While some oscillators like MACD showed mild bearishness on monthly charts, daily moving averages and Bollinger Bands consistently supported a bullish trend.

Investor Participation: Delivery volumes surged notably on 1 and 2 July, reflecting genuine accumulation despite occasional profit-taking and short-term price pullbacks.

Rating Upgrade and Market Sentiment: The upgrade from Sell to Hold by MarketsMOJO, with a Mojo Score of 60.0, reflects improved fundamentals and technical outlook, supporting a cautiously optimistic stance.

Conclusion

Delhivery Ltd’s performance over the week ending 3 July 2026 highlights a compelling rally fuelled by strong technical momentum, increased derivatives market activity, and improving investor sentiment. The stock’s ability to repeatedly hit new 52-week highs amid a broadly positive market environment underscores its resilience and growth potential within the transport services sector. While some technical indicators suggest caution, the overall trend remains bullish, supported by rising delivery volumes and a favourable rating upgrade. Investors should continue to monitor open interest trends and price action relative to key moving averages to navigate potential volatility and capitalise on emerging opportunities.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year Start at 33% Off →