PG Electroplast Limited, a smallcap company engaged in the business of consumer electronics, has turned ex-split with effect from July 10. The stock price which was once nearly Rs 4,000, is now cheaper and trading below Rs 400 levels. Adjusted to the stock split ratio, PG Electroplast is currently higher by over 174% from its 52-week low levels.
PG Electroplast Share Price:
After turning ex-split, PG Electroplast's share price opened at Rs 392 apiece on NSE on July 11, and soon shoot up to hit an intraday high of Rs 398 apiece. The stock ended at its day's high level with market cap of Rs 10,386.94 crore.
The stock's 52-week high and low are at Rs 407.80 apiece and Rs 145.12 apiece respectively.
PG Electroplast emerged as a multi-bagger with gains of 120.24% in 3 months. While the stock gained by over 37% alone in the past month. YTD, the stock zoomed by over 66%.
PG Electroplast Stock Split:
PG Electroplast stock turned ex-split on July 10, which was also the record date to determine eligible shareholders for the stock split ratio of 10:1.
This meant that the company's 1 equity shares having a face value of Rs 10 each, has been split into ten smaller shares with a face value of Re 1 each.
BUY/SELL PG Electroplast Share Price?
As per Trendlyne data, the consensus recommendation from 4 analysts for PG Electroplast Ltd. is STRONG BUY. EPS is expected to grow by 48.8% in FY25. The average 1-year target price is set at Rs 2,853.67 on PG Electroplast, signalling a potential 624.5% upside ahead.
Among key positives for the stock price as per the data are -- Debt to Equity Ratio of 0.35 is less than 1 and healthy, implying that its assets are financed mainly through equity. Also, the Return on Equity(ROE) for the last financial year was 12.99%, in the normal range of 10% to 20%. Further, Price to Earning Ratio is 76.2, lower than its sector PE ratio of 78.26. Additionally, Promoter Pledges are zero.
About PG Electroplast:
PG Electroplast Limited (PGEL) is a one-stop solution for leading Indian and global brands. A pioneer and leading provider of Electronics Manufacturing Services in India, PGEL was incorporated in 2003 as the flagship company of PG Group. Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding are its specialisation areas.
The company caters to over 45 leading Indian and global brands across diverse industries such as Consumer Durables, Consumer Electronics, Bathroom Fittings, and Automotives in India with a diverse team of 3,800+ employees.
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