Delhivery Ltd Sees 13.75% Surge in Open Interest, Reaching 19,630 Contracts

Delhivery Ltd, a small-cap player in the Transport Services industry, has experienced a notable increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 19,630 contracts, reflecting a rise of 2,373 contracts or 13.75% from the previous open interest of 17,257. This uptick comes alongside a trading volume of 10,408 contracts, indicating robust engagement from market participants.
In terms of price performance, Delhivery is currently trading close to its 52-week high, just 3.72% away from Rs 489.1. The stock has shown resilience, gaining 1.15% today, which is in line with the sector's performance of 0.86% and the broader Sensex's return of 0.56%. Notably, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal after two consecutive days of decline.

Despite a slight decrease in delivery volume, which fell by 0.77% against the 5-day average, the stock remains liquid enough for trades sized at Rs 3.33 crore. Overall, the increase in open interest and the stock's current positioning reflect a dynamic trading environment for Delhivery Ltd.