Delhivery Ltd Sees 7.98 Million Shares Traded Amid 6.54% Price Drop

Delhivery Ltd, a small-cap player in the transport services industry, has emerged as one of the most active equities today, with a total traded volume of 7,980,590 shares and a total traded value of approximately Rs 361.86 crores. The stock opened at Rs 470.00, reflecting a loss of 3.06% from the previous close of Rs 484.85. Throughout the trading session, Delhivery reached a day high of Rs 470.00 and a day low of Rs 443.15, marking an intraday decline of 8.6%.
Despite the notable trading activity, Delhivery underperformed its sector by 5.05%, with a one-day return of -6.54%, contrasting sharply with the sector's return of -1.23% and the Sensex's marginal gain of 0.02%. The stock has experienced a trend reversal, falling after two consecutive days of gains.

Interestingly, the stock's liquidity remains robust, with a delivery volume of 4.68 lakh shares on November 4, reflecting a significant increase of 364.27% compared to the five-day average. While the stock is trading above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages. Overall, Delhivery's performance today highlights a challenging trading environment amid increased market activity.