PG Electroplast block deal: Government of Singapore buys shares worth Rs 288 crore in multibagger smallcap
Live Events
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
The Government of Singapore bought shares worth Rs 288 crore in PG Electroplast via a block deal on Tuesday. It bought over 38.18 lakh shares at a price of Rs 754.80 per share which is a 2% discount over the Monday closing price of Rs 771.55.In another block deal, BNP Paribas Financial Markets bought nearly 3 lakh shares worth Rs 10 crore in smallcap counter Suraksha Diagnostic . The asset management arm of French multinational bank BNP Paribas purchased shares at a price of Rs 338 per share, up by 0.9% over the previous losing price.PG Electroplast is a diversified EMS player in India and offers comprehensive ODM and OEM solutions to 60+ Indian and global brands across the consumer electronics and consumer durables industries. Its product line includes air conditioners, washing machines, LED television and air coolers.PG Electroplast is a smallcap multibagger and has delivered returns of 200% over the past 12 months. However, the stock has been under consolidation and has corrected by 25% in 2025 so far.The recent correction has brought it below its 50-day simple moving average of Rs 867 while it is still trading above its 200-day SMA of Rs 753. The stock has been quite volatile and has traded with a 1-year beta of 1.8.PG Electroplast reported a consolidated net profit of Rs 145 crore in Q4FY25 which was up from 70 crore posted by the company in the year ago period, recording a 107% year-on-year growth. Total revenue in the quarter under review stood at Rs 1,930 crore, up 79% over Rs 1,080 crore reported in the corresponding quarter of the last financial year.Also Read: Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal Meanwhile, December listed Suraksha Diagnostic is a Kolkata-based pathology and radiology services company which has presence in eastern and north-eastern India. The stock has fallen 21% since its listing while plunging 14% on a year-to-date basis. The stock is currently trading above its 50-day SMA.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
25 minutes ago
- Hans India
PhysicsWallah's acquisition of Drishti IAS called off: Report
New Delhi: The much-talked-about acquisition of UPSC coaching institute Drishti IAS by edtech unicorn PhysicsWallah has reportedly been called off. The deal was in advanced stages but ultimately fell through due to multiple reasons, according to a report by Entrackr. In April this year, multiple reports said that PhysicsWallah was actively exploring acquisitions to strengthen its position in the civil services preparation segment. The proposed acquisition of Drishti IAS was estimated to be worth between Rs 2,500 and Rs 3,000 crore. Drishti IAS, a well-known name in UPSC coaching, especially among Hindi-medium aspirants, was one of the leading players being considered by PhysicsWallah, along with other institutes like Chaitanya Academy, Rau's IAS Study Circle, and Sarrthi IAS. According to the report, Drishti IAS evaluated the proposal after being approached by PhysicsWallah. However, considering its strong financial performance and independent growth, the company decided not to go ahead with the deal. The report added that Drishti IAS is currently not looking to raise external funds or be acquired. Founded in 1999, Drishti IAS has built a strong presence in the civil services coaching space. In the financial year 2023–24, the Delhi-based institute reported revenue of Rs 405 crore and a profit after tax of Rs 90 crore. The report indicate that the institute is also expected to post healthy growth in FY25. PhysicsWallah, originally focussed on online coaching for engineering and medical entrance exams, has recently been expanding into UPSC and other competitive exams. The acquisition of Drishti IAS was seen as a strategic step to strengthen its offline footprint and diversify its educational offerings -- particularly ahead of its planned stock market debut. However, as of now, both PhysicsWallah and Drishti IAS have not officially responded to the matter. Meanwhile, reports indicate that PhysicsWallah filed its draft IPO papers confidentially in March 2025, aiming to raise around Rs 4,600 crore. If successful, it will become the first Indian edtech unicorn to be listed on the stock exchange.
Scroll.in
25 minutes ago
- Scroll.in
Arunachal APPSC Assistant Engineer registration window closes soon; apply now for 166 posts
The Arunachal Pradesh Public Service Commission (APPSC) will soon close the registration window for the Arunachal Engineering Service Examination 2025. Eligible candidates can apply for the exam on the official website till June 9, 2025. The recruitment exam (Preliminary) will be conducted on July 27, and the written exam (Mains) will be held on September 6 and 7, 2025. The recruitment drive aims to fill 166 Assistant Engineer posts. Candidates can check the eligibility criteria, pay scale, and other details available in the notification below: Here's the official notification. Application Fee Candidates are required to pay a fee of Rs 150 only for APST candidates, and Rs 200 for other candidates. Steps to apply for AE posts 2025
Economic Times
27 minutes ago
- Economic Times
Stock market update: Nifty Realty index advances 2.87% in an upbeat market
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs. Synopsis The Nifty Realty index was trading 2.87 per cent up at 1021.65. NEW DELHI: The Nifty Realty index traded positive around 10:52AM(IST)on Friday in an upbeat market. ADVERTISEMENT Godrej Properties Ltd.(up 4.5 per cent), DLF Ltd.(up 4.32 per cent), Oberoi Realty Ltd.(up 3.29 per cent), Prestige Estates Projects Ltd.(up 3.0 per cent) and Sobha Ltd.(up 2.64 per cent) were among the top gainers. were the top losers on the index. The Nifty Realty index was up 2.87 per cent at 1021.65 at the time of writing this report. Benchmark NSE Nifty50 index was up 183.55 points at 24934.45, while the BSE Sensex was up 556.34 points at 81998.38. Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red. ADVERTISEMENT Shares of Vodafone Idea, Reliance Power, YES Bank, Suzlon Energy and HFCL were among the most traded shares on the NSE. Shares of Indef Manufacturing, Peria Karamalai Tea, Manaksia Coated, Reliance Home Fin and Federal Mogul hit their fresh 52-week highs in today's trade, while Navkar Builders, Prostarm Info System, Lakshmi Precis, Shree Ram Proteins and Uniinfo Telecom Serv hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
