LTI Mindtree Sees 12.52% Surge in Open Interest to 27,178 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 27,178 contracts, reflecting a rise of 3,025 contracts or 12.52% from the previous open interest of 24,153. This uptick in open interest coincides with a trading volume of 17,175 contracts, indicating active participation in the derivatives market.
In terms of price performance, LTI Mindtree has shown resilience, with the stock trading inline with its sector. It reached an intraday high of Rs 5,501, marking a 4.3% increase during the trading session. The stock has gained marginally by 0.04% over the last day, while the sector overall has seen a decline of 0.20%. Notably, LTI Mindtree is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position in the market.

Despite a decrease in delivery volume, which fell by 46.71% against the 5-day average, the stock remains liquid enough for trades 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 performance metrics highlight a noteworthy day for LTI Mindtree in the financial markets.