Surge in Open Interest for Tech Mahindra Signals Increased Trading Activity and Sector Momentum

Apr 23 2025 02:00 PM IST
share
Share Via
Tech Mahindra Ltd. has seen a notable rise in open interest, indicating increased trading activity. The stock's trading volume reached significant levels, contributing to a total futures and options value of approximately Rs 248,127.49 lakhs. The company has also outperformed its sector recently, reflecting positive market trends.
Tech Mahindra Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 64,736 contracts, up from the previous 58,444, marking a change of 6,292 contracts or a 10.77% increase. The trading volume for the day reached 99,741 contracts, contributing to a total futures value of approximately Rs 239.72 lakhs and an options value of around Rs 62,799.89 lakhs, culminating in a total value of Rs 248,127.49 lakhs. The underlying value of the stock is currently at Rs 1,435.

In terms of price performance, Tech Mahindra has outperformed its sector by 0.77%, with the stock gaining 10.1% over the last three days. Today, it opened with a gain of 3.08% and reached an intraday high of Rs 1,449.4, reflecting a 5.3% increase. The stock is currently trading above its 5-day and 20-day moving averages, although it remains below its 50-day, 100-day, and 200-day moving averages. The IT - Software sector has also shown positive movement, gaining 3.77% today.

Overall, the notable rise in open interest for Tech Mahindra indicates increased trading activity, aligning with its recent price performance and sector trends.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
PVV Infra Ltd is Rated Hold by MarketsMOJO
9 minutes ago
share
Share Via
Minaxi Textiles Ltd is Rated Sell
9 minutes ago
share
Share Via
Incap Ltd is Rated Strong Sell
9 minutes ago
share
Share Via
Manugraph India Ltd is Rated Strong Sell
9 minutes ago
share
Share Via
Morarka Finance Ltd is Rated Strong Sell
9 minutes ago
share
Share Via