Surge in Open Interest Signals Increased Activity for L&T Technology Services Amidst Market Challenges

Mar 12 2025 02:00 PM IST
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L&T Technology Services Ltd has seen a notable rise in open interest, reaching 14,465 contracts, alongside a trading volume of 22,117 contracts. The stock is trading near its 52-week low and has faced a decline over the past four days, indicating a challenging market environment.
L&T Technology Services Ltd (LTTS) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 14,465 contracts, up from the previous 12,756, marking a change of 1,709 contracts or a 13.4% increase. The trading volume for the day reached 22,117 contracts, indicating robust engagement in the market.

In terms of price performance, L&T Technology Services is currently trading close to its 52-week low, just 4.33% away from the low of Rs 4,200. The stock has underperformed its sector, showing a decline of 2.18% today, and has faced a consecutive fall over the last four days, resulting in a total drop of 9.63% during this period. The intraday low was recorded at Rs 4,353.3, reflecting a decrease of 6.23% at one point.

Despite these challenges, the stock remains liquid, with a delivery volume of 24,450 shares on March 11, although this represents a significant decline of 46.76% compared to the five-day average. Overall, the increase in open interest amidst a challenging trading environment highlights the dynamic nature of L&T Technology Services in the IT software sector.
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