PG Electroplast

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

The rally in these shares was sparked after the companies signed a Definitive Agreement, for contract manufacturing of select models of Whirlpool branded semi-automatic Washing Machines

On December 10, the company allotted 21.5 million to QIBs, including Motilal Mutual Fund, Nippon Mutual Fund, Kotak Mutual Fund and Axis Mutual Fund, at Rs 699 per share

Since November 19, in 12 trading days, PG Electroplast stock price has surged 32% after the company announced a foray into EV manufacturing with an agreement with Spiro Mobility

PG Electroplast hit a new high of Rs 718.35, surged 15 per cent after the company said its subsidiary PG Technoplast has entered into electric vehicle assembly and lithium-ion battery assembly

PG Electroplast's board will consider raising funds via issuance of any instruments or securities, through private placement, preferential issue, rights issue, or qualified institutions placement

PG Electroplast stock hit a new high of Rs 675, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade in otherwise subdued market strong growth outlook.

Management sees increased opportunities in the existing and new clients based on the current business environment.

PGEL forecasts revenues of Rs 3,400 crore, a growth of 23.8 per cent over FY24 consolidated revenues, despite the transfer of the TV business to Goodworth Electronics

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

The consumer electronics proposed to raise around Rs 500 crore through QIP, fixed the floor price of Rs 1641.09 per equity share for the issue.

PG Electroplast Ltd, a contract manufacturer in the consumer electronics and appliances space, would set up a joint venture (JV) which will initially undertake ODM manufacturing of Google-certified LED televisions. The JV will have an option later to expand the partnership to include products like refrigerators, IT hardware, wearables, and hearables, said a joint statement on Monday. "Post the execution of mutually acceptable agreements by the parties, the JV Company will be 50 per cent owned by PG Electroplast & 50 per cent owned by Jaina Group," it said. Jaina Group owns and operates four brands of Karbonn, Gionee, Sansui, and Sens, and it is among three Google ODM licensees. Commenting on the development Jaina Group Founder and Managing Director Pardeep Jain said: "This partnership will strengthen India's electronics manufacturing industry & contribute towards the goal of an Atmanirbhar Bharat. With PGEL's manufacturing pedigree & our deep experience in consumer ...

The stock of PG Electroplast has surged 30 per cent in two days after the company posted strong operational performance in March 2022 quarter (Q4FY22) that signaled robust outlook.

The expansion will create over 600 jobs locally and enable the company to improve both its capabilities and capacities for manufacturing Air Conditioners and other appliances, said PGEL in a statement

The management sees increased opportunities in the existing and new clients and based on the current business environment

The stock rallied 11% to Rs 187, extending its Thursday over 14% surge on the BSE.