Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity

Apr 25 2025 02:00 PM IST
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Tech Mahindra Ltd. has seen a notable rise in open interest, reaching 50,521 contracts, alongside a trading volume of 102,330 contracts. The stock has shown positive performance over the past five days, despite a decline in delivery volume. The company operates in the IT software sector with a significant market capitalization.
Tech Mahindra Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 50,521 contracts, up from the previous figure of 43,628, marking a change of 6,893 contracts or a 15.8% increase. The trading volume for the day reached 102,330 contracts, indicating robust engagement from market participants.

In terms of price performance, Tech Mahindra has outperformed its sector by 0.25%, continuing a positive trend with gains over the last five days, accumulating a total return of 11.49%. However, the stock did touch an intraday low of Rs 1,375, representing a decline of 4.86% at one point during the trading session. The weighted average price suggests that more volume was traded closer to this low price.

Despite the recent gains, there has been a noted decrease in delivery volume, which fell by 29.41% compared to the five-day average. Tech Mahindra, operating in the IT software industry with a market capitalization of Rs 1,42,345.69 crore, remains a liquid stock, suitable for trades around Rs 10.07 crore based on recent trading activity. Overall, the increase in open interest highlights a notable shift in trading dynamics for Tech Mahindra.
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