Delhivery Ltd Sees Significant Surge in Open Interest Amid Increased Trading Activity
Delhivery Ltd has seen a significant rise in open interest, reaching 29,936 contracts, alongside a trading volume of 149,287 contracts. The stock opened higher, achieving an intraday high of Rs 367.7, and has outperformed its sector, despite a decline in delivery volume compared to the five-day average.
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 29,936 contracts, a notable rise from the previous open interest of 18,035 contracts, marking a change of 11,901 contracts or 65.99%. This surge coincides with a trading volume of 149,287 contracts, indicating robust market engagement.In terms of price performance, Delhivery opened with a gain of 4.68% and reached an intraday high of Rs 367.7, representing a 14.6% increase. The stock has demonstrated a wide trading range of Rs 35.4 throughout the day. Notably, Delhivery has outperformed its sector by 9.77%, with a one-day return of 11.44%, while the sector and Sensex reported returns of 1.43% and -0.07%, respectively.
Despite a decline in delivery volume by 65.04% against the five-day average, Delhivery remains liquid enough for trades sized at Rs 1.14 crore, supported by its market capitalization of Rs 26,663.69 crore. Overall, the notable increase in open interest and strong price performance underscores the stock's current market dynamics.
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