India's PG Electroplast hits record high on re-entering TV manufacturing

PG Electroplast

29/12/2021 09:30

** Electronics manufacturer's shares  PGEL.NS  jump as much
as 10.9% to all-time high of 862 rupees
    ** PG Electroplast has begun manufacturing LED televisions
for two customers at its Greater Noida facility  urn:newsml:reuters.com:*:nFWN2TE02U
    ** "We identified a lot of synergies for TV manufacturing
with our existing businesses and the company has re-entered the
business of manufacturing TVs," says Vikas Gupta, managing
director of operations
    ** If current gains hold, PGEL stock is set to log its
fourth consecutive session of gains
    ** More than 360,900 shares traded, 2.5 times 30-day moving
average
    ** Including session's gains, PGEL has risen nearly sixfold
YTD

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))