Delhivery Achieves New High Amid Increased Trading Activity and Market Liquidity

Delhivery Ltd, a prominent player in the Transport Services industry, has emerged as one of the most active equities today, with a total traded volume of 12,430,031 shares and a total traded value of approximately Rs 55,874.23 lakhs. The stock opened at Rs 440.00, reflecting a gain of 2.36%, and reached an intraday high of Rs 457.00, marking a notable increase of 5.8%. As of the latest update, the last traded price stands at Rs 455.15.
Today, Delhivery achieved a new 52-week high of Rs 454.80 and has outperformed its sector by 5.65%. The stock has shown consistent performance, gaining for three consecutive days and delivering an impressive 11.1% return over this period. Additionally, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 17.51% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 3.77 crore, supported by a market capitalization of Rs 33,459 crore. Overall, Delhivery's performance today reflects a robust position in the market, characterized by significant trading activity and positive returns.