Delhivery Ltd Sees 10.07% Surge in Open Interest Amid Increased Trading Activity

Delhivery Ltd, a small-cap player in the Transport Services industry, has experienced a notable increase in open interest (OI) today. The latest OI stands at 18,994, reflecting a rise of 1,737 from the previous OI of 17,257, marking a percentage change of 10.07%. This uptick in OI comes alongside a trading volume of 6,735, indicating heightened activity in the stock.
In terms of price performance, Delhivery is currently trading close to its 52-week high, just 4.15% away from Rs 489.1. The stock has shown resilience, gaining 0.54% today, which is in line with the sector's performance of 0.85% and the Sensex's return of 0.65%. Notably, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal after two consecutive days of decline.

Despite a slight decrease in delivery volume, which fell by 0.77% against the 5-day average, the stock remains liquid enough for trades sized at Rs 3.33 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's current positioning reflect a significant moment for Delhivery in the market.