What is LTP in Share Market?
If you’ve ever gone shopping, you know that most goods that you buy are labelled with something known as an MRP, or Maximum Retail Price. This is the highest possible price that the product can be sold for, and selling it above that amount is considered illegal. However, purchases in the stock market works a little differently. Given that the whole concept of stock markets and stock market trading are based on the varying prices of stocks over time, a stock cannot have an MRP. Instead, commodities traded on the stock-market have what is known as the LTP of the stock, or the Last Traded Price of the stock. This indicates the most recent price that this stock was bought and / or sold at. The LTP meaning resides in its variations, as the LTP of a stock varies throughout its lifetime. If you have ever looked at the price of stock during trading hours, it changes almost every second. Therefore, LTP in share market was introduced.