Delhivery Ltd Sees Significant Surge in Open Interest Amid Increased Market Activity

Delhivery Ltd, a prominent player in the Transport Services industry, has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 17,300 contracts, up from the previous 15,129, marking a change of 2,171 contracts or a 14.35% increase. This surge coincides with a trading volume of 17,183 contracts, indicating robust market engagement.
In terms of price performance, Delhivery has outperformed its sector by 2.34%, with the stock gaining 5.07% over the past three days. Today, it reached an intraday high of Rs 373.75, reflecting a 3.66% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume by 21.38% compared to the 5-day average, the stock remains liquid, with a trade size capacity of Rs 1.71 crore based on 2% of the 5-day average traded value. With a market capitalization of Rs 27,758.01 crore, Delhivery continues to solidify its position in the market. Overall, the notable rise in open interest highlights the stock's active trading environment today.