PG Electroplast Ltd Sees 37.91% 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, signaling notable trading activity. The latest open interest stands at 34,834 contracts, up from the previous 25,258, marking a change of 9,576 contracts or a 37.91% increase. The trading volume for the day reached 97,019 contracts, contributing to a futures value of approximately Rs 46,491.43 lakhs.
In terms of price performance, PG Electroplast has outperformed its sector by 5.21%, recovering from two consecutive days of decline. The stock reached an intraday high of Rs 567.9, reflecting a gain of 7.56%. The weighted average price indicates that more volume was traded closer to the low price, while the stock remains above its 5-day, 20-day, and 50-day moving averages, though it is below the 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 maintains sufficient liquidity for trades up to Rs 2.52 crore. Overall, the surge in open interest and the stock's recent performance highlight a dynamic trading environment for PG Electroplast.