Delhivery Ltd Sees Surge in Open Interest Amidst Active Trading Environment
Delhivery Ltd has seen a notable rise in open interest, reaching 10,855 contracts, alongside a trading volume of 13,564 contracts, indicating strong market activity. The stock is near its 52-week high and has shown consistent gains, reflecting a robust trading environment and positive price performance.
Delhivery Ltd, a prominent 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 10,855 contracts, up from the previous 9,126 contracts, marking a change of 1,729 contracts or an 18.95% increase. The trading volume for the day reached 13,564 contracts, indicating robust market engagement.In terms of price performance, Delhivery is currently trading close to its 52-week high, just 3.68% away from Rs 449.45. The stock has outperformed its sector by 2.5% today, with a notable 1.88% return. Over the past two days, Delhivery has shown a consecutive gain, accumulating a total return of 5.95%. The stock touched an intraday high of Rs 437.75, reflecting a 2.94% increase.
Delhivery is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a market capitalization of Rs 31,984 crore, the stock demonstrates sufficient liquidity for trades of Rs 2.91 crore, further supporting its active trading environment. Overall, the increase in open interest and positive price movements highlight a dynamic trading scenario for Delhivery Ltd.
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