LTI Mindtree Sees 26.78% Surge in Open Interest to 45,811 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 45,811 contracts, reflecting a notable rise of 9,677 contracts or 26.78% from the previous open interest of 36,134. This surge coincides with a trading volume of 87,336 contracts, indicating robust activity in the derivatives market.
In terms of price performance, LTI Mindtree has outperformed its sector by 1.47%, marking a consecutive gain over the last three days with a total return of 3.13% during this period. The stock opened with a gain of 2.27% today, reaching an intraday high of Rs 5,752, which is a 2.3% increase. Additionally, LTI Mindtree is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, it is noteworthy that the delivery volume has decreased by 30.29% compared to the 5-day average, indicating a decline in investor participation. Overall, LTI Mindtree's performance today highlights a dynamic trading environment, characterized by increased open interest and solid price movements.