📊 After 35% Crash in July, PG Electroplast Sees Relief Rally

Shares of

gained over 4% in morning trade, rebounding after three consecutive losing sessions. The rally reflects optimism around a major development: its step-down subsidiary, Next Generation Manufacturers, signed an MoU with the Maharashtra government to invest ₹1,000 crore in a greenfield consumer electronics project at Kamargaon, Ahilyanagar. The stock had witnessed extreme volatility last month, plunging more than 35% in just two sessions following weak Q1 FY26 results. Net profit dropped 54% QoQ, while revenue guidance was sharply revised down to 17–19%, compared to over 30% earlier. Order cancellations, excess inventory, and a downward revision in annual targets triggered heavy selling pressure. Despite today’s bounce, the broader price structure remains weak. The counter has alternated between three consecutive gains and three consecutive losses in the last six sessions. Unless the stock reclaims the ₹600 level, a key resistance, weakness may persist. ________________________________________ 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.