PG Electroplast shines on acquiring 15.18% stake in Solarstream Renewable Services
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PG Electroplast is currently trading at Rs. 909.80, up by 25.45 points or 2.88% from its previous closing of Rs. 884.35 on the BSE.
The scrip opened at Rs. 913.95 and has touched a high and low of Rs. 913.95 and Rs. 874.90 respectively. So far 86 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1006.55 on 01-Jun-2022 and a 52 week low of Rs. 335.20 on 09-Sep-2021.
Last one week high and low of the scrip stood at Rs. 919.00 and Rs. 832.55 respectively. The current market cap of the company is Rs. 1881.73 crore.
The promoters holding in the company stood at 65.71%, while Institutions and Non-Institutions held 0.98% and 33.31% respectively.
PG Electroplast has acquired 15.18% equity in Solarstream Renewable Services. The object of the acquisition is to additionally purchase 1.04 MW / 1.55 MWp Solar Power aggregating to 3.10 MW / 4.65 MWp Solar Power generated at the Solar Power Plant to meet the electricity requirement for the company's manufacturing plants located at Greater Noida, Uttar Pradesh in terms of the (Indian) Electricity Act, 2013.
PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India.
