LTI Mindtree Sees Surge in Open Interest Amidst Challenging Trading Conditions

Apr 17 2025 03:00 PM IST
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LTI Mindtree Ltd has seen a notable rise in open interest, reaching 41,683 contracts, while trading volume hit 37,978 contracts. Despite this increase, the company's stock has underperformed, experiencing consecutive declines and a decrease in delivery volume, indicating 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 41,683 contracts, reflecting a rise of 3,920 contracts or 10.38% from the previous open interest of 37,763. The trading volume for the day reached 37,978 contracts, contributing to a total futures value of approximately Rs 63.54 crore.

Despite this uptick in open interest, LTI Mindtree's stock performance has been underwhelming, underperforming its sector by 1.9%. The stock has faced consecutive declines over the past two days, with a total drop of 2.99%. Today, it opened with a loss of 2.95% and touched an intraday low of Rs 4,040.1, marking a decline of 5.52% at its lowest point.

In terms of moving averages, the stock is currently above its 5-day average but below its 20-day, 50-day, 100-day, and 200-day averages. Additionally, delivery volume has decreased by 33.07% compared to the 5-day average, indicating a decline in investor participation. Overall, while the increase in open interest is notable, it comes amid a challenging trading environment for LTI Mindtree.
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