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Economic Times
6 days ago
- Business
- Economic Times
The Electric and Electronics Sector: A Bright Future Ahead
ADVERTISEMENT The electric and electronics sector has shown a mixed performance recently, with a slight decline observed over the past week and month. However, the sector has demonstrated resilience with a positive growth trajectory over the past year, indicating a robust recovery and potential for future expansion. The recent collaboration between India and Japan to enhance technology transfer in renewable energy solutions is a significant catalyst for growth in this sector. This partnership is expected to create numerous job opportunities and promote the adoption of green technologies across India. The involvement of key stakeholders, including the Indian Ministry of Electronics and Information Technology and Japanese technology firms, is likely to facilitate knowledge sharing and spur innovation. As a result, the sector is anticipated to experience long-term growth, with an increase in exports of electronic goods and components, further integrating India into global supply chains. Overall, the outlook for the electric and electronics sector remains positive, with substantial upside potential for investors and stakeholders alike. Company Name Current Price Target Price Upside Potential Recommendation Elgi Equipments Rs. 504.45 Rs. 643.00 28% Buy PG Electroplast Rs. 779.90 Rs. 988.00 27% Buy PG Electroplast Limited is an electronic manufacturing services(EMS)provider for original equipment manufacturers(OEMs)of consumer electronic products in India. The company specializes in manufacturing and assembling a wide range of consumer electronic components and finished products, including kitchen appliances, air conditioners, and mobile handsets. With a diverse clientele of over 45 Indian and global brands, PG Electroplast is well-positioned in the market. ADVERTISEMENT Analysts recommend a 'Buy' for PG Electroplast, with a target price of Rs. 988.00, indicating an upside potential of 27%. The company's financial performance has been impressive, with a year-on-year PAT growth of 108.81% and sales growth of 77.3%. Despite a recent decline in stock price over the past month, the long-term outlook remains strong, supported by significant growth in the last year, where the stock appreciated by over 200%. ADVERTISEMENT Elgi Equipments Limited is engaged in the manufacturing and trading of air compressors, offering a wide range of products including oil lubricated and oil-free compressors. The company serves various industries, providing innovative solutions tailored to customer needs. With a strong market presence, Elgi Equipments is recognized for its quality and reliability. Analysts also recommend a 'Buy' for Elgi Equipments, with a target price of Rs. 643.00, reflecting an upside potential of 28%. However, the company's recent financial performance has shown some challenges, with a slight decline in PAT and modest sales growth. Despite these setbacks, the stock has shown resilience, with a positive return over the past week and month, indicating potential recovery in the near future. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
The Electric and Electronics Sector: A Bright Future Ahead
The electric and electronics sector is on the verge of significant growth, driven by international collaborations and advancements in renewable energy technologies. This article delves into the sector's outlook and highlights key companies poised for success. Sector Performance and Growth Trajectory Tired of too many ads? Remove Ads Top Companies Analysts Recommend Based on Upside Potential Company Name Current Price Target Price Upside Potential Recommendation Elgi Equipments Rs. 504.45 Rs. 643.00 28% Buy PG Electroplast Rs. 779.90 Rs. 988.00 27% Buy Tired of too many ads? Remove Ads About PG Electroplast About Elgi Equipments The electric and electronics sector has shown a mixed performance recently, with a slight decline observed over the past week and month. However, the sector has demonstrated resilience with a positive growth trajectory over the past year, indicating a robust recovery and potential for future expansion. The recent collaboration between India and Japan to enhance technology transfer in renewable energy solutions is a significant catalyst for growth in this partnership is expected to create numerous job opportunities and promote the adoption of green technologies across India. The involvement of key stakeholders, including the Indian Ministry of Electronics and Information Technology and Japanese technology firms, is likely to facilitate knowledge sharing and spur innovation. As a result, the sector is anticipated to experience long-term growth, with an increase in exports of electronic goods and components, further integrating India into global supply the outlook for the electric and electronics sector remains positive, with substantial upside potential for investors and stakeholders Electroplast Limited is an electronic manufacturing services(EMS)provider for original equipment manufacturers(OEMs)of consumer electronic products in India. The company specializes in manufacturing and assembling a wide range of consumer electronic components and finished products, including kitchen appliances, air conditioners, and mobile handsets. With a diverse clientele of over 45 Indian and global brands, PG Electroplast is well-positioned in the recommend a 'Buy' for PG Electroplast, with a target price of Rs. 988.00, indicating an upside potential of 27%. The company's financial performance has been impressive, with a year-on-year PAT growth of 108.81% and sales growth of 77.3%. Despite a recent decline in stock price over the past month, the long-term outlook remains strong, supported by significant growth in the last year, where the stock appreciated by over 200%.Elgi Equipments Limited is engaged in the manufacturing and trading of air compressors, offering a wide range of products including oil lubricated and oil-free compressors. The company serves various industries, providing innovative solutions tailored to customer needs. With a strong market presence, Elgi Equipments is recognized for its quality and also recommend a 'Buy' for Elgi Equipments, with a target price of Rs. 643.00, reflecting an upside potential of 28%. However, the company's recent financial performance has shown some challenges, with a slight decline in PAT and modest sales growth. Despite these setbacks, the stock has shown resilience, with a positive return over the past week and month, indicating potential recovery in the near future.
