India's PG Electroplast slumps on gas supply constraints

PG Electroplast

09/03/2026 07:00

** Shares of electronic manufacturing services co PG Electroplast PGEL.NS tumble 10% to 547 rupees, set for second straight session of losses

** PGEL set for worst day since Aug 11, 2025

** Co says gas suppliers communicated shortage of gas under supply agreement

** Communication is due to the constraints faced by certain vessels arising from maritime navigation restrictions in light of the recent ongoing war in the Middle East - PGEL

** Co currently assessing the situation with respect to any supply curtailment that may need to be imposed on its downstream customers

** PGEL rated "buy" on avg by 9 analysts covering it; median PT at 734 rupees- data compiled by LSEG

** YTD, PGEL sheds ~5%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters))