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 11,033 contracts, up from the previous 9,904 contracts, marking a change of 1,129 contracts or an 11.4% increase. The trading volume for the day reached 12,810 contracts, contributing to a total futures value of approximately Rs 17,331.37 lakhs.
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, achieving a 1.41% return compared to the sector's 0.92% and the Sensex's 0.16% return. Notably, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory.

Despite a decline in delivery volume, which fell by 63.22% against the 5-day average, the stock remains liquid enough for trades sized at Rs 2.23 crore, based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and robust price performance underscores the current dynamics surrounding Delhivery Ltd.