Surge in Open Interest Signals Increased Market Activity for LTI Mindtree Ltd

Mar 28 2025 01:00 PM IST
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LTI Mindtree Ltd has seen a notable rise in open interest, reaching 21,774 contracts, alongside a trading volume of 14,338 contracts. Despite this increase, the stock has underperformed its sector and experienced a decline in delivery volume, reflecting a challenging trading environment.
LTI Mindtree Ltd, a prominent player in the IT software industry, has experienced a significant increase in open interest today. The latest open interest stands at 21,774 contracts, reflecting a rise of 2,485 contracts or 12.88% from the previous open interest of 19,289. The trading volume for the day reached 14,338 contracts, contributing to a total futures value of approximately Rs 17,880.06 lakhs and an options value of Rs 8,349,121.00 lakhs, culminating in a total value of Rs 19,545.97 lakhs. The underlying value of the stock is noted at Rs 4,568.

In terms of price performance, LTI Mindtree has underperformed its sector by 0.8%, opening the day with a loss of 2.49%. The stock hit an intraday low of Rs 4,525.20, marking a decline of 2.81%. While the stock is currently above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has decreased by 29.8% compared to the 5-day average, indicating a decline in investor participation.

Overall, the notable increase in open interest amidst a challenging trading environment highlights the dynamic nature of LTI Mindtree's market activity today.
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