India's PG Electroplast hits record high on JV with Jaina Group

PG Electroplast

30/05/2023 09:22

** Shares of PG Electroplast Ltd  PGEL.NS  rise as much as
6.5% to record high of 1,700 rupees
    ** Co entered into a joint venture with Jaina Group on
Monday; both will hold 50% share capital in the JV
    ** JV will initially undertake ODM manufacturing of
Google-certified LED televisions
    ** Stock posts biggest intraday pct gain since Feb. 21
    ** About 258,900 shares change hands by 1:41 p.m. IST, 5.1x
the 30-day avg - Refinitiv data
    ** Stock to advance for six consecutive session, if trends
hold
    ** Stock trading above its 50-, 100-, and 200-day
exponential moving averages since Jan. 6
    ** Stock last up 4.9%, extending YTD gains to 48.8%

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))