Surge in Open Interest for L&T Technology Services Signals Increased Derivatives Activity

Mar 13 2025 12:00 PM IST
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L&T Technology Services Ltd has seen a notable rise in open interest, reaching 16,380 contracts, alongside a trading volume of 11,864 contracts. Despite trading near its 52-week low and underperforming its sector, delivery volume has increased significantly, indicating a shift in trading dynamics.
L&T Technology Services Ltd (LTTS) has experienced a significant increase in open interest today, reflecting heightened activity in its derivatives market. The latest open interest stands at 16,380 contracts, up from the previous 14,878, marking a change of 1,502 contracts or a 10.1% increase. The trading volume for the day reached 11,864 contracts, contributing to a futures value of approximately Rs 4,978.78 lakhs.

In terms of price performance, L&T Technology Services is currently trading close to its 52-week low, just 2.94% away from Rs 4,200. The stock has underperformed its sector by 0.93% today and has been on a downward trend, losing 10.93% over the past five days. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

Despite these challenges, there has been a notable rise in delivery volume, which increased by 25.93% compared to the 5-day average, suggesting a shift in trading dynamics. Overall, the increase in open interest for L&T Technology Services highlights a notable development in the stock's trading activity, amidst a backdrop of recent price declines.
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