Delhivery Ltd Sees Significant Surge in Open Interest Amid Strong Trading Activity

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 17,903 contracts, reflecting a rise of 2,774 contracts or 18.34% from the previous open interest of 15,129. This surge in open interest comes alongside a trading volume of 40,735 contracts, indicating robust activity in the stock.
In terms of price performance, Delhivery has outperformed its sector by 3.07%, marking a consecutive gain over the last three days with a total return of 5.77% during this period. The stock reached an intraday high of Rs 379.85, representing a 5.35% increase. Notably, Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume by 21.38% compared to the 5-day average, the stock remains liquid enough for trades sized at Rs 1.71 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and solid price performance highlight Delhivery's current market position and activity.