LTI Mindtree Sees 10.37% Surge in Open Interest, Reaching 26,067 Contracts

LTI Mindtree Ltd, a prominent player in the Computers - Software & Consulting sector, has experienced a significant increase in open interest today. The latest open interest stands at 26,067 contracts, reflecting a rise of 2,449 contracts or 10.37% from the previous open interest of 23,618. This uptick in open interest coincides with a trading volume of 37,798 contracts, indicating active market participation.
In terms of price performance, LTI Mindtree has outperformed its sector by 1.23%, with the stock gaining 5.91% over the last three days. Today, it reached an intraday high of Rs 5,902, marking a 3.35% 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.

Despite this positive momentum, there has been a notable decline in delivery volume, which fell by 29.98% compared to the 5-day average, with a delivery volume of 85.16K on November 11. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 2.11 crore based on 2% of the 5-day average traded value.

In summary, LTI Mindtree's notable increase in open interest and solid price performance highlight its current market activity, while the decline in delivery volume presents a contrasting trend in investor participation.