PG Electroplast Ltd Sees 45% Surge in Open Interest, Reaching 36,625 Contracts

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 36,625 contracts, marking a notable rise of 11,367 contracts or 45.0% from the previous open interest of 25,258. This surge coincides with a trading volume of 109,425 contracts, indicating robust market engagement.
In terms of price performance, PG Electroplast has outperformed its sector by 5.66%, recovering after two consecutive days of decline. The stock reached an intraday high of Rs 567.9, representing a gain of 7.56% 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 currently 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 maintains sufficient liquidity for trades sized at Rs 2.52 crore. Overall, the increase in open interest and the stock's performance today highlight a dynamic trading environment for PG Electroplast.