PG Electroplast Ltd Sees 12.66% Surge in Open Interest Amid Mixed Performance Metrics

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 23,646 contracts, reflecting a rise of 2,657 contracts or 12.66% from the previous open interest of 20,989. The trading volume for the day reached 23,366 contracts, indicating active participation in the market.
In terms of price performance, PG Electroplast has shown a slight underperformance compared to its sector, with a decline of 0.54% today. However, the stock has been on a positive trajectory over the past four days, accumulating a total return of 3.62%. The stock reached an intraday high of Rs 533.65, marking a 3.18% increase during the session.

Despite this upward movement, the stock's delivery volume has seen a significant drop, falling by 50.34% against the five-day average, with a delivery volume of 771,000 shares recorded on October 6. The liquidity remains adequate for trading, with a market cap of Rs 14,767.67 crore. Overall, the increase in open interest alongside the recent price movements highlights a dynamic trading environment for PG Electroplast.