Delhivery Ltd Sees 14.66% 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. The latest open interest stands at 14,069 contracts, marking a rise of 1,799 contracts or 14.66% from the previous open interest of 12,270. This uptick in open interest coincides with a trading volume of 23,584 contracts, indicating heightened activity in the stock.
In terms of price performance, Delhivery has outperformed its sector by 6.6%, with a notable 5.4% gain over the last two days. The stock reached an intraday high of Rs 458.7, reflecting a 4.89% increase during the trading session. Additionally, the stock's performance metrics show that it 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 rise, with delivery volume on October 3 reaching 54.93 lakh shares, a substantial increase of 191.71% compared to the 5-day average. The liquidity of Delhivery is supported by a trading value that allows for a trade size of Rs 4.15 crore, based on 2% of the 5-day average traded value. Overall, the developments in open interest and trading activity highlight a dynamic trading environment for Delhivery Ltd.