P I Industries Sees 16.57% Surge in Open Interest to 19,532 Contracts

P I Industries Ltd, a prominent player in the Pesticides & Agrochemicals sector, has experienced a significant increase in open interest today. The latest open interest stands at 19,532 contracts, reflecting a rise of 2,776 contracts or 16.57% from the previous open interest of 16,756. This uptick coincides with a trading volume of 11,942 contracts, indicating heightened activity in the derivatives market.
In terms of performance, P I Industries has outperformed its sector by 0.46%, with a 1D return of 0.53%. The stock has shown consistent gains over the past two days, accumulating a total return of 0.93% during this period. Notably, the stock's price is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

Investor participation has also seen a notable rise, with a delivery volume of 91.42 thousand on October 23, marking a 50.62% increase compared to the 5-day average delivery volume. The liquidity of the stock remains robust, with a trade size of Rs 0.86 crore based on 2% of the 5-day average traded value.

In summary, the increase in open interest for P I Industries highlights a notable shift in market dynamics, reflecting active trading and engagement in the stock.