India's PG Electroplast up after cash flow, liquidity clarifications

PG Electroplast

09/12/2025 09:35

** India's PG Electroplast PGEL.NS rises 5% to 555.8 rupees, set to snap two sessions of losses

** Stock of the electronic manufacturing services provider fell 4.02% in the last two sessions after an article on online trading portal HDFC Sky cited weakening cash flows and rising leverage

** Co calls certain statements in the article "factually inaccurate, unsubstantiated, and not reflective of its actual financial position"

** Says, cash levels are more than its debt and has been so for last 12 months

** More than 7.72 million shares change hands vs 30 day avg of 3 million shares

** YTD, stock down 42.5%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))