PG Electroplast shines as its arm enters into MoU to setup air conditioner plant in Rajasthan
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PG Electroplast is currently trading at Rs. 1596.70, up by 38.75 points or 2.49% from its previous closing of Rs. 1557.95 on the BSE.
The scrip opened at Rs. 1590.05 and has touched a high and low of Rs. 1600.05 and Rs. 1556.60 respectively. So far 2069 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,600.05 on 29-May-2023 and a 52 week low of Rs. 681.50 on 27-May-2022.
Last one week high and low of the scrip stood at Rs. 1600.05 and Rs. 1428.80 respectively. The current market cap of the company is Rs. 3550.70 crore.
The promoters holding in the company stood at 61.33%, while Institutions and Non-Institutions held 9.14% and 29.53% respectively.
PG Electroplast’s wholly owned subsidiary -- PG Technoplast has entered into Memorandum of Understanding (MOU) for a 9-year term lease for an industrial building. The facility will be built-to-suit as per PG’s specifications. PG will invest over Rs 100 crore and setup a world-class backwards integrated Room Air Conditioner manufacturing plant in the facility located in Rajasthan.
