Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity

Apr 25 2025 12:00 PM IST
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Tech Mahindra Ltd. has seen a significant rise in open interest, reaching 48,361 contracts, alongside a trading volume of 56,418 contracts. The stock has outperformed its sector slightly and has shown gains over the past five days, despite a decline in delivery volume compared to previous averages.
Tech Mahindra Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 48,361 contracts, up from the previous figure of 43,628, marking a change of 4,733 contracts or a 10.85% increase. The trading volume for the day reached 56,418 contracts, indicating robust engagement in the stock.

In terms of price performance, Tech Mahindra has outperformed its sector by 0.3%, continuing a positive trend with gains over the last five days, accumulating a total return of 10.87% during this period. The stock recorded an intraday low of Rs 1,375, reflecting a decline of 4.86% at its lowest point. The weighted average price suggests that more volume was traded closer to this low price.

While the stock's moving averages indicate it is performing better than the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day averages. Additionally, there has been a decline in delivery volume, which fell by 29.41% compared to the 5-day average. Overall, Tech Mahindra's current trading dynamics highlight significant activity and a complex market position within the IT software sector.
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