Tech Mahindra Sees Surge in Open Interest Amid Increased Trading Activity

Apr 23 2025 03:00 PM IST
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Tech Mahindra Ltd. has seen a notable rise in open interest, reaching 65,608 contracts, alongside a trading volume of 105,178 contracts. The stock has outperformed its sector, gaining 4.44% today, and is currently trading above its short-term moving averages, indicating strong market activity and liquidity.
Tech Mahindra Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 65,608 contracts, up from the previous 58,444, marking a change of 7,164 contracts or a 12.26% increase. The trading volume for the day reached 105,178 contracts, indicating robust participation in the market.

In terms of price performance, Tech Mahindra has outperformed its sector by 0.57%, with the stock gaining 4.44% today. It opened with a notable gain of 3.08% and reached an intraday high of Rs 1,449.4, reflecting a 5.3% increase. Over the past three days, the stock has shown a cumulative return of 10.06%.

The stock is currently trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. The IT - Software sector overall has gained 3.87% today. With a market capitalization of Rs 1,40,740.14 crore, Tech Mahindra continues to demonstrate strong liquidity, making it a viable option for trading. Overall, the increase in open interest and positive price movement underscores the stock's active trading environment.
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