Larsen & Toubro Sees Significant Open Interest Surge Amid Active Derivatives Trading

Larsen & Toubro Ltd. (LT), a prominent player in the capital goods sector, has experienced a significant increase in open interest today. The latest open interest stands at 218,433 contracts, reflecting a rise of 19,886 contracts or 10.02% from the previous open interest of 198,547. This uptick coincides with a trading volume of 160,383 contracts, indicating robust activity in the derivatives market.
In terms of performance, Larsen & Toubro has outperformed its sector by 0.49%, with a one-day return of 1.07%. The stock is currently trading at an underlying value of Rs 3,282. While it is positioned higher than its 5-day and 50-day moving averages, it remains below the 20-day, 100-day, and 200-day moving averages, suggesting mixed momentum in its price trajectory.

Despite a decline in delivery volume, which has fallen by 17.89% against the 5-day average, the stock maintains adequate liquidity, supporting trade sizes of Rs 12.32 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Larsen & Toubro, reflecting ongoing market engagement.