P I Industries Sees 7,037 Put Contracts Traded at Rs 3600 Strike Price

P I Industries Ltd, a mid-cap player in the Pesticides & Agrochemicals sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, PIIND, has seen significant activity with 7,037 contracts traded for puts expiring on November 25, 2025, at a strike price of Rs 3,600. This activity has generated a turnover of approximately Rs 523.01 lakhs, while the open interest stands at 722 contracts.
Today, P I Industries has underperformed its sector by 3.43%, reflecting a broader trend as the stock has experienced a consecutive decline over the past two days, resulting in a total return of -5.43%. The stock reached an intraday low of Rs 3,599.5, marking a decrease of 4.95%. The weighted average price indicates that more volume was traded closer to this low price point.

In terms of moving averages, the stock is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day averages. Additionally, investor participation has waned, with delivery volume dropping by 8.16% compared to the five-day average. Despite these challenges, the stock remains liquid enough for trades sized at Rs 1.42 crore, based on 2% of the five-day average traded value.

In summary, P I Industries Ltd is navigating a challenging market environment, marked by notable put activity and declining performance metrics.