LTI Mindtree Sees 24.98% Surge in Open Interest, Reaching 45,159 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 45,159 contracts, reflecting a notable rise of 9,025 contracts or 24.98% from the previous open interest of 36,134. This surge coincides with a trading volume of 130,400 contracts, indicating robust activity in the derivatives market.
In terms of price performance, LTI Mindtree opened with a gain of 2.27% today, reaching an intraday high of Rs 5,752, which represents a 2.3% increase. Despite this positive opening, the stock has seen a slight decline of 0.41% in its one-day return, while it has outperformed its sector by 0.87%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend in the short to medium term.

However, it is worth noting that investor participation has decreased, with delivery volume dropping by 30.29% compared to the 5-day average. Overall, LTI Mindtree's performance today highlights a dynamic trading environment, characterized by increased open interest and fluctuating investor engagement.