Surge in Open Interest Signals Shift in Market Dynamics for LTI Mindtree

Mar 28 2025 12:00 PM IST
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LTI Mindtree Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 21,541 contracts. Despite this, the stock's performance has been mixed, underperforming its sector and experiencing a decline in delivery volume, suggesting a shift in market dynamics.
LTI Mindtree Ltd (LTIM), a prominent player in the IT software industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 21,541 contracts, up from the previous 19,289, marking a change of 2,252 contracts or an 11.68% increase. The trading volume for the day reached 12,538 contracts, contributing to a total futures value of approximately Rs 15,631.41 lakhs.

Despite this surge in open interest, LTI Mindtree's stock performance has been mixed. The stock underperformed its sector by 0.3% and opened the day with a loss of 2.49%. It reached an intraday low of Rs 4,525.20, reflecting a decline of 2.81%. Additionally, the stock has shown a trend reversal after two consecutive days of gains.

Investor participation appears to be declining, with delivery volume dropping by 29.8% compared to the five-day average. However, the stock remains liquid enough for trades sized at Rs 5.02 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for LTI Mindtree, amidst a backdrop of fluctuating stock performance.
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