Delhivery Ltd Sees 15% Surge in Open Interest Amid Declining Stock Performance

Delhivery Ltd, a small-cap player in the Transport Services industry, has experienced a notable increase in open interest (OI) today. The latest OI stands at 15,651 contracts, reflecting a rise of 2,043 contracts or 15.01% from the previous OI of 13,608. This uptick comes alongside a trading volume of 12,829 contracts, indicating heightened activity in the derivatives market.
Despite this surge in OI, Delhivery's stock has faced challenges, having declined for six consecutive days, resulting in a total drop of 7.48% during this period. The stock reached an intraday low of Rs 445.05, marking a decrease of 2.27%. In terms of moving averages, the stock is currently above its 100-day and 200-day averages but below its 5-day, 20-day, and 50-day averages, suggesting mixed performance trends.

Investor participation has also seen a decline, with delivery volumes dropping by 60.95% compared to the 5-day average. The liquidity remains adequate, with the stock being liquid enough for a trade size of Rs 1.56 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Delhivery, amidst ongoing price challenges.