LTI Mindtree Sees 11.82% Surge in Open Interest Amid Active Futures Trading

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 27,009 contracts, reflecting a rise of 2,856 contracts or 11.82% from the previous open interest of 24,153. This uptick in open interest coincides with a trading volume of 20,394 contracts, indicating active market engagement.
In terms of price performance, LTI Mindtree has outperformed its sector by 0.55%, with the stock gaining 3.13% over the last two days. Today, it reached an intraday high of Rs 5,501, marking a 4.3% 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 in its price trajectory.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 46.71% compared to the 5-day average. The liquidity remains adequate, supporting a trade size of Rs 2.47 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for LTI Mindtree.