Delhivery Ltd Sees 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, reflecting heightened trading activity. The latest open interest stands at 20,008, up from the previous 17,137, marking a change of 2,871, or 16.75%. This surge in open interest coincides with a trading volume of 16,375, indicating robust market engagement.
In terms of price performance, Delhivery reached a new 52-week high of Rs. 480.1 today, outperforming its sector by 1.5%. The stock has shown consistent gains over the past three days, accumulating a total return of 1.6% during this period. Notably, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, it is worth mentioning that there has been a decline in delivery volume, which fell by 26.68% compared to the 5-day average, indicating a potential shift in trading dynamics. With a market capitalization of Rs 35,846.25 crore, Delhivery continues to maintain a liquid trading environment, suitable for transactions of Rs 2.54 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a pivotal moment for Delhivery in the current market landscape.