LTI Mindtree Ltd Sees 11.11% Surge in Open Interest to 26,836
LTI Mindtree Ltd has seen a significant rise in open interest, reaching 26,836 contracts, alongside a trading volume of 22,278 contracts. The stock hit an intraday high of Rs 5,501 and is trading above key moving averages, although delivery volume has notably decreased. The company has a market capitalization of Rs 1,57,546 crore.
LTI Mindtree Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a notable increase in open interest today. The latest open interest stands at 26,836 contracts, reflecting a rise of 2,683 contracts or 11.11% from the previous open interest of 24,153. This surge in open interest comes alongside a trading volume of 22,278 contracts, indicating active market participation.In terms of price performance, LTI Mindtree reached an intraday high of Rs 5,501, marking a 4.3% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its recent performance. However, it is worth noting that delivery volume has decreased significantly, with a reported 65.54k on October 6, down by 46.71% compared to the 5-day average.
With a market capitalization of Rs 1,57,546 crore, LTI Mindtree remains a liquid stock, suitable for trades around Rs 2.47 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for LTI Mindtree, reflecting the stock's current activity and positioning within the sector.
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