Key Events This Week
2 Feb: Modest gain of 0.37% despite Sensex decline
3 Feb: Stock rises 0.79% as Sensex rallies 2.63%
4 Feb: Significant gap down and intraday low amid heavy price pressure
5 Feb: Continued decline with mild losses
6 Feb: Third consecutive day of losses, hitting intraday low of Rs.5,506.2
2 February 2026: Modest Gain Amid Market Weakness
LTI Mindtree Ltd began the week with a modest gain of 0.37%, closing at Rs.5,991.95. This positive move came despite the Sensex falling 1.03% to 35,814.09, indicating relative resilience in the stock on a day when broader market sentiment was subdued. The volume of 17,584 shares traded suggested steady investor interest, though no significant news events were reported to drive the price.
3 February 2026: Stock Advances as Sensex Surges
The stock continued its upward momentum on 3 February, rising 0.79% to close at Rs.6,039.15. This gain was in line with a strong Sensex rally of 2.63%, which closed at 36,755.96. However, the relatively lower volume of 5,646 shares traded indicated cautious participation. The stock’s performance on this day reflected broader market optimism, particularly in large-cap indices, though LTI Mindtree’s gains were more muted.
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4 February 2026: Sharp Gap Down and Intraday Low Amid Price Pressure
The most significant event of the week occurred on 4 February, when LTI Mindtree Ltd opened with a pronounced gap down of 3.78%, closing the day at Rs.5,706.40, down 5.51%. The stock touched an intraday low of Rs.5,581.7, a 7.57% drop from the previous close, reflecting intense selling pressure. This decline was sharper than the IT - Software sector’s 3.51% fall and contrasted with the Sensex’s modest 0.37% gain.
Intraday volatility was elevated at 89.02%, underscoring the unsettled market sentiment. The stock’s technical position remained above its 200-day moving average but below all shorter-term averages, signalling near-term weakness. The high beta of 1.23 amplified the stock’s sensitivity to sectoral and market shifts.
Notably, derivatives activity surged with a 25.3% increase in open interest, reaching 27,762 contracts. This spike, alongside a total derivatives turnover of ₹66,872 lakhs, indicated heightened speculative and hedging activity amid the price decline. The concentration of volume near the day’s lows suggested bearish positioning by traders, possibly through futures shorts or put options accumulation.
5 February 2026: Continued Decline with Mild Losses
The downward trend persisted on 5 February, with the stock closing at Rs.5,685.10, down 0.37%. Volume increased to 11,280 shares, reflecting sustained selling interest. The IT - Software sector declined by 2.05%, and the Sensex fell 0.53%, indicating a broadly cautious market environment. LTI Mindtree’s underperformance relative to both sector and benchmark continued, with technical resistance at short-term moving averages limiting recovery attempts.
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6 February 2026: Third Consecutive Day of Losses and Intraday Low
LTI Mindtree Ltd closed the week on a weak note, falling 2.26% to Rs.5,556.50. The stock hit an intraday low of Rs.5,506.2, marking a 3.15% drop from the previous close. This marked the third consecutive day of losses, with an 8.64% decline over this period. The stock underperformed the IT - Software sector’s 2.05% fall and the Sensex’s marginal 0.10% decline.
Technical indicators remained bearish in the short term, with the stock trading below its 5-day, 20-day, 50-day, and 100-day moving averages, though still above the 200-day average. The broader market showed signs of caution, with the Sensex trading below its 50-day moving average and 3.52% below its 52-week high. Sectoral weakness and technical resistance contributed to the sustained selling pressure on LTI Mindtree Ltd.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.5,991.95 | +0.37% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.6,039.15 | +0.79% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.5,706.40 | -5.51% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.5,685.10 | -0.37% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.5,556.50 | -2.26% | 36,730.20 | +0.10% |
Key Takeaways
1. Pronounced Underperformance: LTI Mindtree Ltd’s 6.92% weekly decline starkly contrasted with the Sensex’s 1.51% gain, highlighting company-specific challenges amid a mixed market backdrop.
2. Elevated Volatility and Derivatives Activity: The sharp gap down and intraday lows on 4 February were accompanied by a 25.3% surge in derivatives open interest, signalling increased speculative and hedging activity amid bearish sentiment.
3. Technical Weakness: The stock consistently traded below its short- and medium-term moving averages throughout the week, indicating downward momentum and resistance to recovery attempts, despite remaining above the 200-day moving average.
4. Sectoral Headwinds: The IT - Software sector’s declines on key days compounded pressure on LTI Mindtree Ltd, with sectoral weakness contributing to the stock’s sustained losses.
LTI Mindtree Ltd’s downgrade from a Strong Buy to a Buy rating by MarketsMOJO, alongside a Mojo Score of 72.0, reflects a tempered outlook amid these developments. The stock’s high beta and sensitivity to market shifts suggest that investors should monitor technical and derivatives trends closely in the near term.
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