LTI Mindtree Sees 11.58% Surge in Open Interest to 26,951 Contracts

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 26,951 contracts, reflecting a rise of 2,798 contracts or 11.58% from the previous open interest of 24,153. This uptick in open interest coincides with a trading volume of 21,307 contracts, indicating active participation in the market.
In terms of price performance, LTI Mindtree has shown resilience, gaining 3.05% over the last two days. The stock reached an intraday high of Rs 5,501, marking a 4.3% increase during the session. Notably, LTI Mindtree is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

However, it is worth mentioning that delivery volume has decreased significantly, with a 46.71% drop compared to the 5-day average. Despite this decline in investor participation, the stock remains liquid enough for trades sized at Rs 2.47 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a shift in market dynamics for LTI Mindtree, reflecting the ongoing activity surrounding the stock.