Delhivery Ltd Sees Significant Rise 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 today. The latest open interest stands at 11,053 contracts, reflecting a rise of 1,149 contracts or 11.6% from the previous open interest of 9,904. This uptick comes alongside a trading volume of 13,700 contracts, indicating heightened activity in the stock.
In terms of price performance, Delhivery reached a new 52-week high of Rs 485.7 today, marking a 2.89% increase during the trading session. The stock has outperformed its sector by 0.55%, showcasing its relative strength in the market. Additionally, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive 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 increase in open interest and the stock's performance metrics highlight a significant day for Delhivery Ltd in the market.