PG Electroplast Ltd faced stock declines amid a brokerage report questioning its financial health

recently faced stock declines amid a brokerage report questioning its financial health, but the company refuted these claims as factually inaccurate. Shares dropped up to 6-13% following an HDFC Securities analysis citing rising leverage and cash flow issues, though the CFO emphasized the firm is net cash positive with over Rs 600 crore in cash and fixed deposits against Rs 400 crore gross debt, despite Rs 450 crore capex spend in nine months.