Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 03:00 PM IST
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Tech Mahindra Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current contracts at 64,121. The stock has outperformed its sector and is trading above its 5-day moving averages. It also features a strong dividend yield and robust liquidity, maintaining a solid market position.
Tech Mahindra Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 64,121 contracts, up from the previous 55,115 contracts, marking a change of 9,006 contracts or a 16.34% increase. The trading volume for the day reached 119,608 contracts, indicating robust participation in the market.

In terms of price performance, Tech Mahindra has outperformed its sector by 3.04%, with the stock touching an intraday high of Rs 1,389, representing a 6.29% increase for the day. The stock is currently trading above its 5-day moving averages but below its 20-day, 50-day, 100-day, and 200-day moving averages. The IT - Software sector overall has gained 2.12% today.

Additionally, the stock boasts a high dividend yield of 3.29% at the current price, and liquidity remains strong, with a delivery volume of 16.87 lakh shares, which is up 19.09% compared to the 5-day average. With a market capitalization of Rs 1,34,317.94 crore, Tech Mahindra continues to maintain a solid position in the large-cap segment of the IT industry. Overall, the notable rise in open interest underscores the active trading environment surrounding Tech Mahindra.
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