PG Electroplast Ltd Sees 27.59% 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 today, signaling heightened trading activity. The latest open interest stands at 34,732 contracts, up from the previous 27,221, marking a change of 7,511 contracts or a 27.59% increase. The trading volume for the day reached 81,937, contributing to a futures value of approximately Rs 35,991.69 lakhs.
In terms of price performance, PG Electroplast has outperformed its sector by 3.88%, with the stock gaining 6.16% today alone. It has shown a consecutive gain over the last two days, accumulating a total return of 14%. The stock reached an intraday high of Rs 589.9, reflecting a 6.64% increase. Notably, the weighted average price indicates that more volume was traded closer to the low price, while the stock remains above its 5-day and 20-day moving averages but below its longer-term averages.

The consumer durables sector, in which PG Electroplast operates, has also seen a gain of 2.21%. With a delivery volume of 29.05 lakh shares on October 9, the stock has seen a remarkable rise of 316.46% compared to its 5-day average delivery volume, indicating robust liquidity for trades sized at Rs 6.35 crore. Overall, PG Electroplast's recent performance highlights a notable uptick in trading activity and market engagement.