This consumer electronics stock zoomed 2500% in 2 years; hits new high

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.

Shares of PG Electroplast hit a record high of Rs 897.95, after it rallied 15 per cent on the BSE in Tuesday’s intra-day trade, on the back of heavy volumes. The stock of consumer electronics company surged 30 per cent in two days after the company posted strong operational performance in March 2022 quarter (Q4FY22) that signaled robust outlook.

In Q4FY22, the company’s earnings before interest depreciation tax and amortization (EBITDA) more-than-doubled to Rs 52.46 crore from Rs 25.28 crore in Q4FY21. Despite low margin in TV and Electronics business, that contributes only 9 per cent to the total