PG Electroplast Ltd Sees 28.38% Surge in Open Interest Amid Increased Trading Activity

PG Electroplast Ltd (PGEL), a small-cap player in the Electronics & Appliances sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 34,946 contracts, up from the previous 27,221 contracts, marking a notable change of 7,725 contracts or 28.38%. The trading volume for the day reached 95,884 contracts, indicating robust market engagement.
In terms of price performance, PG Electroplast has outperformed its sector by 3.52%, with a 1-day return of 6.38%. The stock has shown a positive trend over the last two days, accumulating a total return of 13.74%. Today, it reached an intraday high of Rs 589.9, reflecting a 6.64% increase. 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 20-day averages but below the longer-term 50-day, 100-day, and 200-day averages.

Additionally, the stock's liquidity remains strong, with a delivery volume of 29.05 lakh shares on October 9, representing a 316.46% increase compared to the 5-day average. Overall, PG Electroplast's recent performance and increased open interest highlight its active presence in the market.