P I Industries Sees Significant Surge in Open Interest Amid Active Market Engagement
P I Industries Ltd has seen a notable rise in open interest, reaching 15,086 contracts, alongside a trading volume of 8,767 contracts. The company outperformed its sector slightly, with a market capitalization of Rs 62,585.24 crore, while delivery volume has decreased significantly compared to recent averages.
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 15,086 contracts, marking a rise of 2,330 contracts or 18.27% from the previous open interest of 12,756. This surge in open interest coincides with a trading volume of 8,767 contracts, reflecting active market engagement.In terms of performance, P I Industries has outperformed its sector by 0.32%, with a one-day return of 0.81%. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Notably, the stock has seen a decline in delivery volume, which has fallen by 22.9% compared to the 5-day average, indicating a decrease in investor participation.
With a market capitalization of Rs 62,585.24 crore, P I Industries continues to maintain a strong position within its industry. The total futures value is reported at Rs 49,611.315 lakhs, while the underlying value is at Rs 4,130. This data highlights the stock's current market dynamics without making any predictions about future movements.
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