PG Electroplast Ltd Sees 18.83% Surge in Open Interest Amid Increased Trading Activity

PG Electroplast Ltd, a small-cap player in the Electronics & Appliances sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 32,346 contracts, reflecting a rise of 5,125 contracts or 18.83% from the previous OI of 27,221. This uptick in OI comes alongside a trading volume of 60,535, indicating heightened activity in the stock.
In terms of performance, PG Electroplast has outperformed its sector by 3.75%, marking a consecutive gain over the last two days with a total return of 12.88%. The stock reached an intraday high of Rs 582.5, representing a 5.31% increase for the day. The weighted average price suggests that more volume was traded closer to the low price, while the stock's moving averages indicate it is currently above the 5-day and 20-day averages but below the 50-day, 100-day, and 200-day averages.

Additionally, the delivery volume on October 9 surged to 29.05 lakh shares, a remarkable increase of 316.46% compared to the 5-day average. With a market capitalization of Rs 16,046 crore, PG Electroplast continues to demonstrate robust liquidity, supporting a trade size of Rs 6.35 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and trading activity underscores the stock's dynamic position in the market.