Delivery-based amid valuation concerns trades drop

Investors look to cash in on intraday opportunities at counters with buying momentum, say experts

- SUNDAR SETHURAMAN

Investors are reluctant to take long-term positions this year after the spectacular gains in 2023. The delivery-based trades on the National Stock Exchange (NSE) have declined to below 36 per cent this year from an average of 38.1 per cent in 2023.

Investors tend to seek delivery for stocks where they see a long-term investment opportunity or tactical positional trade. Market participants attributed the fall in delivery share to elevated valuations, especially in the mid and small-cap segments.