India's PG Electroplast hits record high on Q4 profit surge

PG Electroplast

23/05/2024 06:19

** Shares of PG Electroplast  PGEL.NS  up 9.5% to a record
2,607 rupees
    ** Electronics parts-maker's Q4 profit surged 73.2% YoY on
the back of significant revenue growth which far outpaced higher
expenses
    ** Peer Dixon Technologies  DIXO.NS  reported a smaller 18%
jump in Q4 profit earlier this month as costs weighed
    ** More than 613,000 shares traded so far; logs busiest day
since Aug. 29, 2023
    ** PGEL up ~8% YTD, DIXO up ~41%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))