Delhivery Ltd Sees Surge in Open Interest Amid Increased Futures Market Activity

Delhivery Ltd, a prominent player in the Transport Services industry, has experienced a notable increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 13,251 contracts, reflecting a rise of 1,233 contracts or 10.26% from the previous open interest of 12,018. The trading volume for the day reached 21,464 contracts, contributing to a total futures value of approximately Rs 78,541.47 lakhs.
In terms of price performance, Delhivery is currently positioned just 4.84% below its 52-week high of Rs 449.45, having gained 4.78% today, outperforming its sector, which saw a decline of 0.36%. The stock touched an intraday high of Rs 428.75, marking a 4.79% increase. Despite this positive movement, the stock has shown a decrease in delivery volume, which fell by 51.41% compared to its five-day average.

Delhivery's market capitalization is approximately Rs 30,816.00 crore, categorizing it as a large-cap stock. The stock's performance today indicates a trend reversal after two consecutive days of decline, with its weighted average price reflecting more trading activity near its lower price points. Overall, the increase in open interest and the stock's recent performance highlight significant market dynamics at play.