LTI Mindtree Sees Surge in Open Interest Amid Active Market Participation
LTI Mindtree Ltd has seen a notable rise in open interest, reaching 26,471 contracts, alongside a trading volume of 55,323 contracts, indicating active market engagement. The stock has demonstrated strong price performance, trading above key moving averages, despite a decline in delivery volume.
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 26,471 contracts, reflecting a rise of 2,519 contracts or 10.52% from the previous open interest of 23,952. This uptick in open interest comes alongside a trading volume of 55,323 contracts, indicating active participation in the market.In terms of price performance, LTI Mindtree has shown resilience, gaining 4.57% over the last two days, with a notable intraday high of Rs 5,399, marking a 4.12% increase for the day. 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 in its price trajectory.
Despite a decline in delivery volume, which fell by 35.45% against the 5-day average, the stock maintains sufficient liquidity for trades, with a market cap of Rs 1,58,601 crore. Overall, the increase in open interest and solid price performance underscores LTI Mindtree's current market position and activity.
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