PG Electroplast rises as its arm gets nod under PLI Scheme for white goods
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PG Electroplast is currently trading at Rs. 557.10, up by 7.80 points or 1.42% from its previous closing of Rs. 549.30 on the BSE.
The scrip opened at Rs. 567.55 and has touched a high and low of Rs. 569.45 and Rs. 556.10 respectively. So far 3571 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 595.40 on 13-Oct-2021 and a 52 week low of Rs. 110.00 on 09-Nov-2020.
Last one week high and low of the scrip stood at Rs. 569.45 and Rs. 493.00 respectively. The current market cap of the company is Rs. 1178.40 crore.
The promoters holding in the company stood at 65.83%, while Institutions and Non-Institutions held 0.95% and 33.22% respectively.
PG Electroplast’s wholly owned subsidiary -- PG Technoplast has received approval from Government of India under the Production Linked Incentive (PLI) Scheme for white goods under the air conditioner components category. It will be investing Rs 321 crore over a period of five years which the company has already begun in FY2022.
PG Electroplast is a diversified Electronic Manufacturing Services and Plastic Injection Molding company catering to leading OEMs in Consumer Electronics and Automotive Industry.
