PG Electroplast zooms on signing definitive agreement with Spiro Mobility
PG Electroplast is currently trading at Rs. 685.85, up by 61.20 points or 9.80% from its previous closing of Rs. 624.65 on the BSE.
The scrip opened at Rs. 652.95 and has touched a high and low of Rs. 718.35 and Rs. 652.75 respectively. So far 163450 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 718.35 on 19-Nov-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. 718.35 and Rs. 611.20 respectively. The current market cap of the company is Rs. 17842.16 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 through its wholly owned subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility (Spiro) to become an exclusive manufacturing partner for manufacturing of the EVs of Spiro Mobility in India.
The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for Electric vehicle, Lithium-Ion batteries and related components and for procurement of parts and raw materials for the same as specified by Spiro. Spiro Mobility shall be responsible for Research and development, marketing, sale, and distribution of the EV products manufactured by PG Technoplast.
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.
