PG Electroplast is currently trading at Rs. 417.15, up by 17.05 points or 4.26% from its previous closing of Rs. 400.10 on the BSE.
The scrip opened at Rs. 405.00 and has touched a high and low of Rs. 419.50 and Rs. 405.00 respectively. So far 7054 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 450.45 on 01-Nov-2017 and a 52 week low of Rs. 129.40 on 29-Dec-2016.
Last one week high and low of the scrip stood at Rs. 419.50 and Rs. 382.75 respectively. The current market cap of the company is Rs. 671.43 crore.
The promoters holding in the company stood at 65.00%, while institutions and non-institutions held 4.70% and 30.30% respectively.
PG Electroplast’s promoter group has sold 4 lakh shares (totaling to 2.44% of the shareholding) in the market on December 28, 2017. With this sale, the stake of the Promoter group has come down to 62.56% from current 65%.
The proceeds from the sales will be infused back into the company as the unsecured zero coupon loan to the company and with this infusion, the company’s ongoing growth plans will get further boost and capex and working capital requirement will be met completely. The company’s management continues to see exciting opportunities and with new capacities and newly installed PU paint and tooling capabilities, company is uniquely positioned in the consumer durable & automotive plastics space in India.
PG Electroplast manufacture and/or assemble a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties.
Company Name | CMP |
---|---|
Crompt.Greaves Cons. | 325.85 |
Whirlpool Of India | 1418.00 |
Bajaj Electricals | 923.00 |
IFB Industries | 1403.00 |
TTK Prestige | 692.85 |
View more.. |