India's PG Electroplast falls as tax authority raises 418 million-rupee liabilities

PG Electroplast

25/03/2025 10:04

** Shares of PG Electroplast PGEL.NS fall 5.6% to 892 rupees, lowest in over five weeks
** Tax authority concludes inspections at consumer electronics maker's Maharashtra facilities, raising tax liabilities of 418.3 million rupees ($4.9 million)
** Analysts' avg rating on stock is "strong buy"; median PT is 965 rupees - data compiled by LSEG
** Stock down 9% so far this year

($1 = 85.7775 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))