Delhivery Ltd Sees Surge in Open Interest Amid Increased Trading Activity

Delhivery Ltd, a prominent player in the Transport Services industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 11,139 contracts, up from the previous 10,101, marking a change of 1,038 contracts or a 10.28% increase. The trading volume for the day reached 11,935 contracts, indicating robust market engagement.
In terms of performance, Delhivery has outperformed its sector by 1.01%, with the stock gaining for the last eight consecutive days, resulting in an overall return of 8.42% during this period. The stock reached an intraday high of Rs 418.7, reflecting a 2.42% increase for the day. Notably, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock's delivery volume surged to 34.36 lakh shares on July 8, a remarkable increase of 196.42% compared to the 5-day average delivery volume. With a market capitalization of Rs 31,131.21 crore, Delhivery continues to demonstrate liquidity suitable for trades of Rs 2.44 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and strong performance metrics highlight Delhivery's active presence in the market.