Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity

Jul 24 2025 03:00 PM IST
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Tech Mahindra Ltd. has seen a significant rise in open interest, indicating increased trading activity, with current figures at 70,992 contracts. Despite recent price declines and underperformance relative to its sector, delivery volume has increased, reflecting robust market engagement and maintaining adequate liquidity for trading.
Tech Mahindra Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 70,992 contracts, up from the previous 64,378, marking a change of 6,614 contracts or a 10.27% increase. The trading volume for the day reached 56,384 contracts, indicating robust engagement in the market.

In terms of price performance, Tech Mahindra has underperformed its sector by 1.41%, with the stock recording a decline of 2.93% over the last two days. The stock touched an intraday low of Rs 1,498.5, representing a decrease of 3.11% from the previous close. Currently, Tech Mahindra is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Despite these challenges, there has been a rise in delivery volume, which reached 21.45 lakh shares on July 23, up 36.45% compared to the 5-day average. The stock's liquidity remains adequate for trading, with a market capitalization of Rs 1,46,998.69 crore, placing it firmly in the large-cap category. Overall, the increase in open interest alongside the current trading dynamics highlights a significant moment for Tech Mahindra in the market.
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