PG Electroplast Ltd Sees 27.77% Surge in Open Interest to 32,273 Contracts

PG Electroplast Ltd (PGEL), a small-cap player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 32,273 contracts, marking a rise of 7,015 contracts or 27.77% from the previous open interest of 25,258. This surge in open interest coincides with a trading volume of 68,428, indicating heightened activity in the stock.
In terms of price performance, PG Electroplast has outperformed its sector by 3.53%, recovering from two consecutive days of decline. The stock reached an intraday high of Rs 560, reflecting a gain of 6.06% for the day. The weighted average price suggests that more volume was traded closer to the lower price range, while the stock's moving averages indicate it is above the 5-day and 50-day averages but below the 20-day, 100-day, and 200-day averages.

Despite a slight decline in delivery volume, which fell by 3.96% against the 5-day average, PG Electroplast remains liquid enough for trades up to Rs 2.52 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for PG Electroplast, reflecting the stock's current trading activity.