Delhivery Ltd Sees Significant Surge in Open Interest Amid Active Trading Environment
Delhivery Ltd has seen a notable increase in open interest, reaching 12,512 contracts, alongside a trading volume of 19,461 contracts. The stock is trading near its 52-week high and has shown consistent gains over the past four days, despite a decline in delivery volume.
Delhivery Ltd, a prominent player in the Transport Services industry, has experienced a significant increase in open interest today. The latest open interest stands at 12,512 contracts, reflecting a rise of 1,706 contracts or 15.79% from the previous open interest of 10,806. This uptick coincides with a trading volume of 19,461 contracts, indicating active market engagement.In terms of price performance, Delhivery is currently trading close to its 52-week high, just 4.96% away from Rs 447.65. The stock has shown resilience, outperforming its sector by 0.94% today and achieving a 0.40% return. Over the last four days, Delhivery has consistently gained, accumulating a total return of 4.96%. The stock reached an intraday high of Rs 437.95, marking a 2.97% increase during the trading session.
Despite a decline in delivery volume, which fell by 28.43% against the five-day average, Delhivery remains liquid enough for trades of Rs 1.82 crore, based on 2% of the five-day average traded value. Overall, the notable rise in open interest highlights a dynamic trading environment for Delhivery, reflecting ongoing market activity without indicating future trends.
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