Latest news with #PGElectroplast
Economic Times
2 days ago
- Business
- Economic Times
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The stock market rebound in the past few months has prompted dominant shareholders and promoters of companies to trim their far this month, they have sold shares worth over ₹50,000 crore through bulk and block deals on the bourses after a lull, continuing from where they left off before October, when the stock market was in the midst of a bull to exchange data, prominent shareholders and promoters divested stakes in ITC InterGlobe Aviation (IndiGo), PNB Housing and One 97 Communications (Paytm) this month, along with Kfin Technologies , KPR Mill and PG Electroplast. The divestments ranged from ₹1,133 crore to ₹12,941 crore since May 1."A significant amount of domestic liquidity had been waiting on the sidelines for market stability," said Ajay Saraf, ED and head of investment banking at ICICI Securities. "With foreign funds turning positive on India's secondary market and key overhangs like geopolitical tensions and tariff concerns easing, the deal market has roared back to life."This momentum is expected to continue as long as the current positive sentiment holds and no major crisis disrupts the environment, said the largest deals, British American Tobacco sold 2.5% of its stake in ITC , worth ₹12,941 crore while Singtel affiliate Pastel Ltd sold Bharti Airtel shares worth ₹12,880 crore. BAT is the largest shareholder in ITC, while Singtel is part of the promoter group of Bharti. InterGlobe Aviation promoter Rakesh Gangwal and his family trust sold a 5.72% stake for about ₹11,564 equity firm Carlyle's subsidiary, Quality Investment Holdings, offloaded its entire stake of 10.4% in PNB Housing Finance worth ₹2,713 crore. Ant Financial, the fintech subsidiary of Alibaba Group, sold shares of One 97 Communications worth ₹2,104 crore through open-market Technologies promoter General Atlantic Singapore Fund Pte sold shares worth ₹1,790 crore."The resurgence in Indian equity capital market deals is being driven by a confluence of positive factors - stabilising geopolitical tensions, easing trade uncertainties, encouraging full-year corporate earnings, improving high-frequency macro indicators, renewed FII interest, and sustained retail inflows into domestic mutual funds," said Ranvir Davda, co-head of investment banking at HSBC India. "We believe that IPOs, blocks, and follow-on activity in the second half of calendar year 2025 will be significantly higher compared to the first half, with multiple companies having already received Sebi approval and several other listed companies having announced plans for fund-raising."The selling in the secondary market was not limited to large caps and extended to small and midcap companies such as PG Electroplast and KPR Mill, in which promoters reduced stakes by selling shares worth ₹1,132 crore and ₹1,232 crore, respectively. So far in May, the Nifty 50 has gained 2.05% while the Nifty Midcap 150 has risen 6.5% and the Smallcap 250 has advanced 9.2%."FY24 saw an all-time high in promoter exits, which was also on the back of a bullish market," said Pranav Haldea, MD, Prime Database Group. "While promoter buying is always a good sign, reasons for exit can vary and range from cashing out due to good valuation, setting up other businesses, debt reduction and personal reasons."While policy announcements from the US remain unpredictable, the momentum in open-market transactions looks likely to continue, he said.
Economic Times
3 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
3 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.
Time of India
4 days ago
- Business
- Time of India
PG Electroplast shares in focus after Government of Singapore buys stake worth Rs 288 crore
Shares of PG Electroplast are set to be in focus on Wednesday after the Government of Singapore bought shares worth Rs 288 crore in the multibagger smallcap via a block deal on Tuesday, triggering fresh interest in the volatile stock, which has corrected sharply in 2025. The Government of Singapore acquired over 38.18 lakh shares at a price of Rs 754.80 apiece, representing a 2% discount to PG Electroplast's Monday closing price of Rs 771.55. The total value of the transaction stood at Rs 288 crore, according to exchange data. PG Electroplast shares closed nearly flat on Tuesday at Rs 765 on the BSE, even as broader market sentiment remained subdued. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Despite delivering 200% returns over the past 12 months, PG Electroplast has corrected by 25% so far in 2025 amid a phase of consolidation. The stock is currently trading below its 50-day simple moving average of Rs 867 but remains above its 200-day SMA of Rs 753. With a one-year beta of 1.8, the stock has witnessed heightened volatility, making it sensitive to both market-wide and company-specific developments. Robust Q4 performance PG Electroplast posted a consolidated net profit of Rs 145 crore for the quarter ended March 2025, more than doubling from Rs 70 crore in the year-ago period—a 107% year-on-year rise. Total revenue surged 79% to Rs 1,930 crore, compared with Rs 1,080 crore a year earlier. The company is a diversified electronic manufacturing services (EMS) provider, offering both original design manufacturing (ODM) and original equipment manufacturing (OEM) solutions to over 60 Indian and global brands. Its product portfolio includes air conditioners, washing machines, LED televisions, and air coolers. Also read | Is the recent dip in Indian indices simply a bull market correction?
News18
4 days ago
- Business
- News18
PGEL Shares In Focus After Singapore Govt Buys Shares Of Rs 288 Cr, 22,000% Return In 5 Years
Reported By : Last Updated: May 28, 2025, 08:00 IST PGEL Share Price PG Electroplast Share Price: PG Electroplast's shares, a small-cap electronics manufacturing services (EMS) company, gained attention on Wednesday, May 28, after the Government of Singapore bought shares worth Rs 288 crore through a block deal on Tuesday. Motilal Oswal Asset Management Company also invested in this multibagger small-cap stock. As per exchange data, the Government of Singapore acquired 38.19 lakh shares of the company, representing 1.34% of its total outstanding shares, while Motilal Oswal AMC purchased 15.9 lakh shares, which is 0.56% of the company's total outstanding equity. Both entities bought the shares of PG Electroplast at an average price of Rs 754.8 per share. Three of PG Electroplast's promoters, Vishal Gupta, Vikas Gupta, and Anurag Gupta, each sold 50 lakh shares in the block deal, according to official data. The shares sold by the three promoters amount to 1.76% each of the total outstanding shares, bringing the total stake sold to 5.3%. At the end of the March quarter, Vishal Gupta held a 17.95% stake in PG Electroplast, while Vikas Gupta and Anurag Gupta had stakes of 17.82% and 10.46%, respectively. Although the Government of Singapore did not appear in the company's shareholding pattern for the March quarter, Motilal Oswal has exposure in the company through its Flexi Cap Fund, which held a 2.65% stake as of March 31, 2025. Swipe Left For Next Video View all PG Electroplast's shares have tripled in value over the past 12 months. The returns are even higher over a five-year period, with the stock having surged more than 22,000%. Over the past month, PG Electroplast's share price has seen a decline of 12.14%, reflecting a drop of Rs 105.75. Year-to-date, the share price has decreased by 25.21%, equivalent to a loss of Rs 257.85. In a 3-year span, the share price has significantly increased by 1005.49%, representing a gain of Rs 695.80. Over a 5-year period, the share has experienced a substantial rise of 22735.82%. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. News business » markets PGEL Shares In Focus After Singapore Govt Buys Shares Of Rs 288 Cr, 22,000% Return In 5 Years
