Delhivery Ltd Sees Significant Surge in Open Interest Amid Increased Market Activity

Apr 01 2025 03:00 PM IST
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Delhivery Ltd has seen a notable rise in open interest, reaching 13,492 contracts, alongside a trading volume of 12,714 contracts. The stock has outperformed its sector and achieved consecutive gains, despite a decline in delivery volume. Delhivery's market capitalization stands at approximately Rs 19,553 crore.
Delhivery Ltd, a prominent player in the logistics sector, has experienced a significant increase in open interest today. The latest open interest stands at 13,492 contracts, reflecting a rise of 1,823 contracts or 15.62% from the previous open interest of 11,669. The trading volume for the day reached 12,714 contracts, indicating robust activity in the market.

In terms of price performance, Delhivery has outperformed its sector by 1.86%, marking a consecutive gain over the last two days with a total return of 3.08% during this period. The stock reached an intraday high of Rs 263.95, representing a 3.47% increase. While the stock is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume, which fell by 17.02% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 1.7 crore, based on 2% of the 5-day average traded value. Delhivery's market capitalization is approximately Rs 19,553 crore, categorizing it as a mid-cap stock. Overall, the notable rise in open interest highlights increased trading activity in Delhivery, reflecting the stock's current market dynamics.
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