PG Electroplast Ltd Share Price – NSE  / BSE

Consumer Durables, Small Cap

Star Cement Ltd, CRISIL Ltd, HEG Ltd and K P R Mill Ltd are among the other gainers in the BSE's 'A' group today, 13 December 2024.

PG Electroplast Ltd spiked 5.02% to Rs 899.9 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.71 lakh shares were traded on the counter so far as against the average daily volumes of 1.15 lakh shares in the past one month.

Star Cement Ltd soared 4.41% to Rs 229.45. The stock was the second biggest gainer in 'A' group. On the BSE, 1.61 lakh shares were traded on the counter so far as against the average daily volumes of 1.05 lakh shares in the past one month.

CRISIL Ltd surged 3.98% to Rs 5745.35. The stock was the third biggest gainer in 'A' group. On the BSE, 4501 shares were traded on the counter so far as against the average daily volumes of 2951 shares in the past one month.

HEG Ltd advanced 3.51% to Rs 566.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.49 lakh shares were traded on the counter so far as against the average daily volumes of 2.16 lakh shares in the past one month.

K P R Mill Ltd gained 3.34% to Rs 1051.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 7723 shares were traded on the counter so far as against the average daily volumes of 11506 shares in the past one month.

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PG Electroplast has allotted 2,14,59,218 equity shares to eligible qualified institutional buyers at an issue price of Rs 699 per equity share (including a premium of Rs 698 per equity share) (which includes a discount of Rs 6.18 per share i.e. 0.88% on floor price) aggregating to Rs 1499.99 crore pursuant to the QIP.

With this allotment, the paid up equity share capital has increased to Rs 28,30,93,658 consisting of 28,30,93,658 equity shares each of Re 1 each.

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The domestic equity benchmarks traded with major gains in morning trade. The Nifty traded above the 23,700 level. Media shares advanced after declining in the past trading session.

At 10:26 IST, the barometer index, the S&P BSE Sensex jumped 903.36 points or 1.16% to 78,240.26. The Nifty 50 index gained 276.85 points or 1.18% to 23,730.65.

In the broader market, the S&P BSE Mid-Cap index rallied 1.30% and the S&P BSE Small-Cap index jumped 1.50%.

The market breadth was strong. On the BSE, 2,837 shares rose and 767 shares fell. A total of 141 shares were unchanged.

Buzzing Index:

The Nifty Media index jumped 2.93% to 1,954.55. The index fell 1.42% in the past trading session.

Zee Entertainment Enterprises (up 7.27%), PVR Inox (up 2.95%), Dish TV India (up 2.91%), Sun TV Network (up 2.23%), Den Networks (up 2.04%), Hathway Cable & Datacom (up 1.77%), Nazara Technologies (up 1.19%), Tips Music (up 1.18%) and Saregama India (up 0.65%) advanced.

Stocks in Spotlight:

PG Electroplast soared 10.33% after the company informed that its wholly owned subsidiary, PG Technoplast has signed a definitive agreement with Spiro Mobility to manufacture electric vehicles (EVs) of Spiro Mobility (Spiro) in India.

Shilpa Medicare rallied 3.53% after the company has received a certificate of suitability from the European Directorate for the Quality of Medicines & Healthcare for API, Octreotide.

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PG Electroplast (PGEL) through its wholly owned subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for manufacturing of the EVs of Spiro Mobility (Spiro) in India.

The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicle, lithium-Ion batteries and related components and for procurement of parts and raw materials for the same as specified by Spiro. Spiro shall be responsible for research and development, marketing, sale, and distribution of the EV products manufactured by PG Technoplast.

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