PG Electroplast Share Price Rises 5% After Exiting F&O Ban

Market Performance

Shares of PG Electroplast Ltd. jumped nearly 5% on Wednesday, August 20, after the stock exited the Futures & Options (F&O) ban. The stock picked up pace in early trade and continued its upward run for the fourth consecutive session.

Currently, the PG Electroplast share price is trading 4.7% higher at ₹565.8, reflecting renewed investor participation after being restricted under the F&O ban.

Main News

PG Electroplast had been under the F&O ban since August 12. The exit comes after its open positions fell below 80% of the market-wide position limit, a threshold defined as the maximum number of derivative contracts that can be held across market participants for a stock.

With the ban lifted, market participants can now create new positions, which is not possible when a stock is in the ban period.

Company Details

• Stock Movement During Ban Period
  • The stock was restricted under the F&O ban for five consecutive trading sessions.
  • During this phase, PG Electroplast shares still managed to gain 5% overall.
• Volatility in August Trading
  • On August 13, shares slipped by 6%.
  • This was later balanced by a sharp 8% rally on August 18, when the entire consumer durables sector, including Voltas, Blue Star, and IFB Industries, advanced on expectations of a possible GST rate cut before the festive season.
• Earlier Decline
  • Between August 8 and August 11, the counter witnessed a steep 30% drop across two sessions, triggered by the company’s decision to slash its full-year business guidance.

Despite this volatility, PG Electroplast has seen four consecutive sessions of gains, signaling improving sentiment in the counter.

Summary

The PG Electroplast share price surged after exiting the F&O ban, enabling traders to once again build fresh positions. The stock has been on a recovery path after recent volatility, supported by sector-wide momentum in consumer durables.

At present, PG Electroplast continues to trade in the green, reflecting renewed buying interest and market activity.