Delhivery Ltd Sees Surge in Open Interest, Indicating Increased Market Activity
Delhivery Ltd has seen a notable rise in open interest, reaching 17,468 contracts, alongside a trading volume of 15,708 contracts, indicating increased market activity. The stock has outperformed its sector and shows strong liquidity, with significant delivery volume reflecting robust engagement in the logistics sector.
Delhivery Ltd, a prominent player in the logistics industry, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 17,468 contracts, marking a notable rise of 2,792 contracts or 19.02% from the previous open interest of 14,676. This surge coincides with a trading volume of 15,708 contracts, reflecting robust market engagement.In terms of price performance, Delhivery has outperformed its sector by 0.86%, recovering from two consecutive days of decline. The stock is currently trading above its 20-day, 50-day, and 100-day moving averages, although it remains below the 5-day and 200-day moving averages. The delivery volume has also seen a substantial increase, with 21.5 lakh shares traded on May 6, representing a 68.87% rise compared to the 5-day average.
With a market capitalization of Rs 22,644.19 crore, Delhivery continues to demonstrate liquidity, suitable for trades of approximately Rs 0.28 crore based on 2% of the 5-day average traded value. This increase in open interest and trading activity underscores the dynamic nature of Delhivery's market presence.
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