P I Industries Sees 11.32% Surge in Open Interest to 17,955 Contracts

P I Industries Ltd, a prominent player in the Pesticides & Agrochemicals sector, has experienced a notable increase in open interest today. The latest open interest stands at 17,955 contracts, reflecting a rise of 1,826 contracts or 11.32% from the previous open interest of 16,129. This surge in open interest comes alongside a trading volume of 10,388 contracts, indicating active participation in the market.
In terms of performance, P I Industries has outperformed its sector by 0.85%, marking a trend reversal after two consecutive days of decline. The stock's current price is positioned higher than its 5-day moving averages but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the delivery volume has seen a significant drop, with a recorded delivery volume of 6,260 on October 21, reflecting a decrease of 92.69% compared to the 5-day average.

With a market capitalization of Rs 54,180.06 crore, P I Industries continues to maintain a liquid trading environment, suitable for transactions around Rs 0.74 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight key developments in P I Industries' market activity.