LTI Mindtree Sees 11.67% Surge in Open Interest to 47,124 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 47,124 contracts, reflecting a rise of 4,925 contracts or 11.67% from the previous open interest of 42,199. This uptick coincides with a trading volume of 50,299 contracts, indicating active market engagement.
In terms of price performance, LTI Mindtree has shown resilience, gaining 1.68% today after three consecutive days of decline. The stock reached an intraday high of Rs 5,676, marking a 2.07% increase. Despite this positive movement, it underperformed its sector, which saw a gain of 2.76%. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a favorable trend in the short to medium term.

However, it is worth mentioning that delivery volume has seen a sharp decline, falling by 90.52% compared to the 5-day average. With a market capitalization of Rs 1,67,649.84 crore, LTI Mindtree remains a liquid stock, suitable for trades of approximately Rs 4.16 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for LTI Mindtree.