Delhivery Sees Surge in Open Interest, Indicating Increased Market Activity

Apr 02 2025 10:00 AM IST
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Delhivery Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 14,357 contracts. The stock has underperformed its sector and experienced a decline after two days of gains. Delivery volume has slightly increased, and the company has a market capitalization of around Rs 19,460 crore.
Delhivery Ltd, a prominent player in the logistics sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 14,357 contracts, up from the previous 11,669 contracts, marking a change of 2,688 contracts or a 23.04% increase. The trading volume for the day reached 15,791 contracts, contributing to a total futures value of approximately Rs 16,704.80 lakhs.

In terms of price performance, Delhivery's stock has underperformed its sector by 1.71%, with a current price reflecting a decline after two consecutive days of gains. The stock touched an intraday low of Rs 252.7, representing a decrease of 3.09%. The weighted average price indicates that more volume was traded closer to this low price. While the stock remains above its 5-day and 20-day moving averages, it is currently below the 50-day, 100-day, and 200-day moving averages.

Additionally, delivery volume has shown a slight increase, with 18.28 lakh shares delivered on April 1, up by 1.08% compared to the 5-day average. Delhivery's market capitalization is approximately Rs 19,460 crore, classifying it as a mid-cap stock. Overall, the notable rise in open interest highlights a shift in market dynamics for Delhivery, warranting attention from market participants.
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