Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity
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.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
