Powered by: Motilal Oswal
24-12-2024 01:50 PM | Source: Accord Fintech
PG Electroplast surges on inking pact with Whirlpool of India

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

PG Electroplast is currently trading at Rs. 991.05, up by 37.25 points or 3.91% from its previous closing of Rs. 953.80 on the BSE.

The scrip opened at Rs. 989.00 and has touched a high and low of Rs. 1002.00 and Rs. 970.25 respectively. So far 179960 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1019.00 on 17-Dec-2024 and a 52 week low of Rs. 146.02 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 1002.00 and Rs. 891.00 respectively. The current market cap of the company is Rs. 27617.20 crore.

The promoters holding in the company stood at 53.42%, while Institutions and Non-Institutions held 20.48% and 26.10% respectively.

PG Electroplast and Whirlpool of India have signed a definitive agreement for contract manufacturing of select models of Whirlpool branded semi-automatic Washing Machines. Under the arrangement, the company will manufacture some of the SKUs for Whirlpool at its factory at Roorkee. The company is already an existing supplier of Whirlpool branded Air Conditioners and both companies will continue to evaluate the potential expansion opportunities.

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.