India's PG Electroplast declines after tax inspection

PG Electroplast

12/03/2025 10:10

** Shares of PG Electroplast PGEL.NS fell as much as 5.3% to 845 rupees before closing 3.9% lower

** Maharashtra GST (Goods and Service Tax) department has initiated inspection into PGEL and its unit's facilities, the consumer electronics maker says

** More than 991,000 shares changed hands, 0.6x of 30-day avg.

** Avg. rating of six analysts equivalent of "strong buy", median PT is 965 rupees - LSEG data

** Stock down 12.9% YTD

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))