Delhivery Ltd Sees 16.34% Surge in Open Interest, Reaching 21,067 Contracts

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 21,067 contracts, reflecting a rise of 2,959 contracts or 16.34% from the previous OI of 18,108. This uptick in OI comes alongside a trading volume of 18,985 contracts, indicating active market participation.
In terms of price performance, Delhivery is currently trading close to its 52-week high, just 4.8% away from Rs 489.1. However, the stock has underperformed its sector by 1.14% today, with a 1D return of -1.48%. Over the past two days, Delhivery has seen a consecutive decline, with a total drop of 2.07%. The stock reached an intraday low of Rs 462.3, marking a decrease of 2.41% during the trading session.

Despite these challenges, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend. Additionally, the stock remains liquid enough for trades sized at Rs 3.15 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 Ltd.