Larsen & Toubro Sees Surge in Open Interest Amid Increased Trading Activity

Larsen & Toubro Ltd. (LT), a prominent player in the construction industry, has experienced a significant increase in open interest today. The latest open interest stands at 214,788 contracts, up from the previous figure of 186,784, marking a change of 28,004 contracts or a 14.99% increase. This uptick in open interest coincides with a trading volume of 181,844 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Larsen & Toubro has shown resilience, gaining 1.60% today, which is slightly above the sector's return of 1.50% and significantly higher than the Sensex's return of 0.56%. The stock's current underlying value is reported at Rs 3,495. Notably, the stock has reversed its trend after three consecutive days of decline, suggesting a potential shift in market sentiment.

Additionally, the stock's delivery volume has seen a notable rise, with 16.12 lakh shares delivered on July 28, reflecting a 34.37% increase compared to the five-day average. With a market capitalization of Rs 4,78,212.47 crore, Larsen & Toubro remains a liquid asset, suitable for trades up to Rs 12.06 crore based on 2% of the five-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic day for Larsen & Toubro in the construction sector.