Delhivery Ltd Sees 12.52% 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 13,806 contracts, reflecting a rise of 1,536 contracts or 12.52% from the previous open interest of 12,270. This surge in open interest coincides with a trading volume of 20,308 contracts, indicating heightened activity in the stock.
In terms of price performance, Delhivery has outperformed its sector by 6.03%, marking a consecutive gain over the last two days with a total return of 4.9% during this period. The stock reached an intraday high of Rs 458.7, representing a 4.89% increase. Additionally, the stock's performance is currently above its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages.

Investor participation has also seen a significant uptick, with delivery volume on October 3 rising by 191.71% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 4.15 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and strong trading metrics highlight a dynamic trading environment for Delhivery Ltd.