PG Electroplast Ltd Sees 12.21% Surge in Open Interest Amid Increased Trading Activity

PG Electroplast Ltd (PGEL), a small-cap player in the Electronics & Appliances sector, has experienced a notable increase in open interest today. The latest open interest stands at 23,552 contracts, reflecting a rise of 2,563 contracts or 12.21% from the previous open interest of 20,989. This uptick in open interest comes alongside a trading volume of 20,786 contracts, indicating active participation in the market.
In terms of price performance, PG Electroplast has outperformed its sector by 0.55%, marking a consecutive gain over the last four days with a total return of 4.17% during this period. The stock reached an intraday high of Rs 533.65, representing a 3.18% increase. While the stock is currently above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume, which fell by 50.34% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 3.02 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and recent price performance highlights the stock's active trading environment.