Delhivery Ltd Sees Surge in Open Interest Amid Increased Trading Activity

Delhivery Ltd, a small-cap 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 10,927 contracts, up from the previous 9,904, marking a change of 1,023 contracts or a 10.33% increase. The trading volume for the day reached 10,905 contracts, indicating robust market engagement.
In terms of price performance, Delhivery hit a new 52-week high of Rs 485.7, representing a 2.89% increase for the day. The stock has outperformed its sector, which recorded a 1.16% gain, while the broader Sensex saw a modest increase of 0.03%. Notably, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 63.22% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 2.23 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and the stock's performance metrics highlight a dynamic trading environment for Delhivery Ltd.