PG Electroplast Ltd Sees 5,513 Call Contracts at Rs 560 Strike Price Amid Active Trading

PG Electroplast Ltd, a small-cap player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, PGEL, saw notable call option trades with a focus on two strike prices: Rs 600 and Rs 560. The call option with a strike price of Rs 600 recorded 5,375 contracts traded, generating a turnover of Rs 284.07 lakhs, while the Rs 560 strike price saw 5,513 contracts traded, resulting in a turnover of Rs 860.97 lakhs. Open interest for these options stood at 2,326 and 1,378 contracts, respectively.
In terms of price performance, PGEL opened the day down by 3.48%, reaching an intraday low of Rs 537.05 before recovering to touch a high of Rs 576.10, marking a 2.98% increase. The stock has shown resilience, gaining 6.99% over the past two days. Currently, it trades above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. With a market capitalization of Rs 16,212.28 crore, PG Electroplast continues to attract investor interest, evidenced by a significant increase in delivery volume, which rose by 183.38% compared to the 5-day average. Overall, PG Electroplast's trading activity today underscores its dynamic position within the market.