PG Electroplast zooms 90% in 16 trading days, hits over two-year high

The management sees increased opportunities in the existing and new clients and based on the current business environment

Shares of PG Electroplast were locked in upper circuit for the twelfth straight trading day, up 5 per cent at Rs 257.40 on the BSE on Wednesday in an otherwise range-bound market. In the past 16 trading sessions, the stock of the consumer electronics company has rallied 90 per cent from the level of Rs 135.15 on January 18. It was trading at its highest level since June 2018. The stock soared 882 per cent from its 52-week low of Rs 26.20, hit on March 31, 2020.

Till 12:10 pm, a combined around 120,000 equity shares had changed hands