LTI Mindtree Ltd Sees 28.39% Surge in Open Interest to 46,393 Contracts

LTI Mindtree Ltd, a prominent player in the Computers - Software & Consulting industry, has experienced a significant increase in open interest today. The latest open interest stands at 46,393 contracts, reflecting a notable rise of 10,259 contracts or 28.39% from the previous open interest of 36,134 contracts. This surge in open interest coincides with a trading volume of 94,735 contracts, indicating robust activity in the derivatives market.
In terms of price performance, LTI Mindtree opened with a gain of 2.27% today, reaching an intraday high of Rs 5,752, which represents a 2.3% increase. Despite this positive opening, the stock has seen a slight decline following two consecutive days of gains. Currently, LTI Mindtree is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong overall trend.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 30.29% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 3.54 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for LTI Mindtree, reflecting ongoing market engagement.