P I Industries Sees 18.96% Surge in Open Interest to 19,933 Contracts

P I Industries Ltd, a prominent player in the Pesticides & Agrochemicals sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 19,933 contracts, marking an increase of 3,177 contracts or 18.96% from the previous open interest of 16,756. The trading volume for the day reached 13,941 contracts, contributing to a futures value of approximately Rs 50,501.27 lakhs.
In terms of price performance, P I Industries has outperformed its sector by 0.58%, with a 1.2% gain over the last two days. The stock's current price is positioned higher than its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Notably, the delivery volume on October 23 was 91.42k, reflecting a 50.62% increase compared to the 5-day average delivery volume, indicating rising investor participation.

With a market capitalization of Rs 54,186.13 crore, P I Industries continues to demonstrate liquidity suitable for trades around Rs 0.86 crore, underscoring its position in the mid-cap segment of the market. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for P I Industries.