LTI Mindtree Sees Surge in Open Interest Amidst Challenging Trading Conditions
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.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
