Key Events This Week
9 Feb: Stock opens strong at Rs.5,625.75 (+1.25%) amid positive market sentiment
11 Feb: Sharp decline of 2.59% as volume surges to 10,244 shares
12 Feb: Intraday low hit at Rs.5,330 with a 5.50% drop; open interest surges 26.2%
13 Feb: Significant gap down opening at Rs.5,000; stock hits intraday low of Rs.4,990
13 Feb: Mojo Grade downgraded to Hold amid technical and valuation concerns
9 February 2026: Positive Start Amid Broader Market Gains
LTI Mindtree began the week on a positive note, closing at Rs.5,625.75, up 1.25% on volume of 3,391 shares. This gain slightly outpaced the Sensex’s 1.04% rise to 37,113.23, reflecting initial investor optimism. The stock’s performance aligned with a broadly positive market mood, supported by sectoral strength in IT - Software.
10 February 2026: Modest Gains Continue with Increased Volume
The stock extended gains to Rs.5,661.00 (+0.63%) on higher volume of 4,786 shares, while the Sensex rose 0.25% to 37,207.34. This steady advance suggested sustained interest, although the pace of gains slowed. The stock remained above key moving averages, maintaining a technically constructive stance at this stage.
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11 February 2026: Sharp Decline Amid Rising Volatility
On 11 February, LTI Mindtree’s shares fell sharply by 2.59% to Rs.5,514.65, with volume surging to 10,244 shares. This marked the beginning of a pronounced downtrend, contrasting with the Sensex’s modest 0.13% gain to 37,256.72. The stock’s decline below key moving averages signalled emerging technical weakness, foreshadowing further pressure.
12 February 2026: Intraday Low and Surge in Derivatives Activity
The stock experienced significant selling pressure on 12 February, dropping 5.50% to close at Rs.5,211.60 and hitting an intraday low of Rs.5,330. This decline was sharper than the IT - Software sector’s 4.79% fall and the Sensex’s 0.56% drop, highlighting company-specific challenges. Notably, open interest in derivatives surged 26.2% to 38,631 contracts, signalling increased speculative activity amid falling prices.
Volume in the derivatives segment was robust, with futures valued at approximately ₹64,179 lakhs and options at ₹53,113.76 crores. The divergence between rising open interest and declining stock price suggests new short positions or hedging strategies, reflecting cautious sentiment. Delivery volumes in the cash market declined by 23.22%, indicating reduced conviction among long-term holders.
13 February 2026: Gap Down Opening and Downgrade to Hold
LTI Mindtree opened sharply lower by 3.68% at around Rs.5,000, continuing its downward trajectory to an intraday low of Rs.4,990. The stock closed at Rs.5,115.25, down 1.85% on heavy volume of 36,669 shares. Despite underperforming the Sensex’s 1.40% decline, the stock marginally outperformed the IT sector’s 2.82% fall, suggesting some relative resilience amid sector-wide weakness.
MarketsMOJO downgraded the stock’s Mojo Grade from Buy to Hold on 12 February, citing technical weakness and valuation concerns. The downgrade followed a comprehensive reassessment of quality, valuation, financial trends, and technical indicators. Despite strong fundamentals such as a 26.97% average ROE and record quarterly sales of ₹10,781 crores, elevated valuation metrics (P/B ratio of 6.6 and PEG of 2.2) and deteriorating technical momentum prompted a more cautious outlook.
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Weekly Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.5,625.75 | +1.25% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.5,661.00 | +0.63% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.5,514.65 | -2.59% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.5,211.60 | -5.50% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.5,115.25 | -1.85% | 36,532.48 | -1.40% |
Key Takeaways
1. Significant Underperformance: LTI Mindtree’s 7.94% weekly decline starkly contrasts with the Sensex’s modest 0.54% fall, highlighting stock-specific challenges amid a broadly cautious market.
2. Technical Weakness: The stock traded below all major moving averages throughout the week, signalling sustained selling pressure and a bearish technical outlook.
3. Elevated Volatility and Derivatives Activity: Intraday volatility peaked at 24.18% on 13 February, with a notable 26.2% surge in open interest on 12 February, indicating increased speculative positioning and hedging amid price declines.
4. Rating Downgrade: MarketsMOJO downgraded the stock from Buy to Hold, reflecting concerns over stretched valuations and deteriorating technical momentum despite strong fundamentals.
5. Sector and Market Context: The IT - Software sector declined 2.82% on 13 February, contributing to the stock’s pressure, while the Sensex’s broader weakness underscored a cautious investor mood.
6. Fundamental Strengths Remain: Despite near-term headwinds, LTI Mindtree’s robust ROE of 26.97%, record quarterly sales, and zero debt position support its long-term growth potential.
Conclusion
LTI Mindtree Ltd’s performance over the week ending 13 February 2026 was marked by a pronounced decline of 7.94%, driven by technical weakness, heightened volatility, and a downgrade in investment rating. The stock’s underperformance relative to the Sensex and its sector reflects a challenging environment for the company amid broader market uncertainties. While the fundamentals remain solid, valuation concerns and deteriorating technical indicators have tempered near-term sentiment. Investors should monitor key support levels and open interest trends closely as the stock navigates this consolidation phase.
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