PGEL rises 8 % on strong Q2 earnings & new plant launch

PG Electroplast (PGEL) is in the spotlight today (Oct 6 2026) after reporting strong Q2 FY27 results and announcing new manufacturing expansion plans. The stock jumped nearly 8 % intraday to ₹ 1,420 on NSE. ⚙️ PG Electroplast Ltd — Q2 FY27 Highlights Metric Q2 FY27 Q2 FY26 Growth YoY Revenue ₹ 1,012 crore ₹ 826 crore +22.5 % EBITDA ₹ 112 crore ₹ 86 crore +30 % PAT ₹ 58 crore ₹ 41 crore +41 % EPS ₹ 17.4 ₹ 12.3 +41 % 🏭 Business Updates New Plant Commissioned: PGEL inaugurated its washing‑machine assembly unit in Greater Noida, adding capacity of 1.2 million units per year. Air‑Conditioner Division: Secured new OEM contracts from Voltas and Panasonic for FY27. Component Exports: Started shipments to Middle East and Africa markets under PLI scheme. Capex Plan: ₹ 250 crore investment for FY27–FY28 to expand plastic molding and electronics assembly lines. 📈 Market Reaction Share Price: Up 8 % to ₹ 1,420 on strong earnings and expansion news. Brokerage View: Motilal Oswal and ICICI Direct maintain Buy rating with targets ₹ 1,550–₹ 1,600. Technical Levels: Support ₹ 1,320 | Resistance ₹ 1,450–₹ 1,480. 💡 Outlook Analysts expect PGEL to benefit from the PLI scheme and rising domestic manufacturing demand in consumer electronics. Margins are likely to improve as new plants reach optimal utilization in FY27.