India's PG Electroplast hits record high on Q1 profit jump

PG Electroplast

07/08/2023 08:31

** Shares of PG Electroplast Ltd  PGEL.NS  rise as much as
9.8% to an all-time high of 1,716.05 rupees    
    ** Electronic products maker says June-qtr consolidated net
profit more than doubled to 338.1 mln rupees ($4.09 mln), aided
by a 26.2% jump in revenue from operations 
    ** Co will see revenue and earnings CAGR of 31% and 57%
respectively, over FY23-FY25 driven by higher sales - analysts
at Phillip Capital 
    ** Trading volume at ~192,300 shares as of 12:35 p.m. IST,
6.1x the 30-day avg 
    ** Stock up ~46.5% so far this year



($1 = 82.7325 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))