PG Electroplast Ltd Sees 10.33% Increase in Open Interest Amid Rising Trading Activity

PG Electroplast Ltd, a small-cap player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 41,840 contracts, reflecting a rise of 3,919 contracts or 10.33% from the previous open interest of 37,921. This uptick coincides with a trading volume of 45,800 contracts, indicating active market participation.
In terms of performance, PG Electroplast has outperformed its sector by 0.49% today, marking its fourth consecutive day of gains with a total return of 11.14% over this period. The stock reached an intraday high of Rs 593, representing a 2.18% increase for the day. While the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 19.2% compared to the 5-day average. The liquidity remains adequate, supporting a trade size of Rs 8.35 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights increased activity in PG Electroplast's trading environment.