PGEL

** Shares of PG Electroplast PGEL.NS fell as much as 5.3% to 845 rupees before closing 3.9% lower

** Maharashtra GST (Goods and Service Tax) department has initiated inspection into PGEL and its unit's facilities, the consumer electronics maker says

** More than 991,000 shares changed hands, 0.6x of 30-day avg.

** Avg. rating of six analysts equivalent of "strong buy", median PT is 965 rupees - LSEG data

** Stock down 12.9% YTD

(Reporting by Ashish Chandra in Bengaluru)

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** PG Electroplast PGEL.NS rises 5.2% to 884 rupees, highest since January 17

** Stock set for sixth straight session of gains

** Consumer electronics maker's Q3 net profit grows 108.7% y/y, boosted by higher demand for its products, including air conditioners; operating rev up ~82%

** Raises FY25 rev outlook to 45.5 bln rupees from 42.5 bln rupees; net profit outlook to 2.8 bln rupees from 2.5 bln rupees

** Over 3 mln shares traded, twice the 30-day avg

** Stock rated "strong buy" on avg; median PT is 874 rupees - LSEG

** PGEL gained more than four-fold in 2024

(Reporting by Aleef Jahan in Bengaluru)

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Jan 21 (Reuters) - PG Electroplast Ltd PGEL.NS:

• UNIT RECEIVES APPROVAL UNDER PLI SCHEME FOR AIR CONDITIONER COMPONENTS

• UNIT WILL BE INVESTING 1.21 BILLION RUPEES OVER FIVE YEARS

Source text: ID:nBSEbZD4SG

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** PG Electroplast PGEL.NS rises as much as 5.3% at 1,001 rupees

** Consumer electronics maker and Whirlpool of India WHIR.NS sign deal to contract manufacture select Whirlpool-branded semi-automatic washing machines at PGEL's Roorkee plant

** No financial details have been disclosed yet

** Stock set to gain for second straight month; added 38.1% so far in December

** PGEL rated "buy" on avg; median PT is 679.5 rupees - LSEG

** Stock last up 4.9%, extending YTD gains to 320%

(Reporting by Meenakshi Maidas in Bengaluru)

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Dec 23 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - TO MANUFACTURE WHIRLPOOL SKUS AT ROORKEE FACTORY

• PG ELECTROPLAST LTD - WHIRLPOOL, PG ELECTROPLAST JOIN HANDS

Source text: ID:nNSEbl3hNZ

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** Shares of PG Electroplast PGEL.NS climb 3.7% to 843.85 rupees

** PGEL, a contract manufacturer for electronic appliances, hit a record high of 858 rupees earlier in the day

** Equirus Securities begins coverage of stock with "long" rating and Street-high PT of 980 rupees

** Brokerage sees room for growth in co's air conditioner, television and washing machine design and manufacturing business; highlights ability to quickly scale up new ventures

** Excluding Equirus, four analysts tracking stock rate it "buy" on avg - LSEG data

** Stock has more than tripled in value so far this year

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of PG Electroplast PGEL.NS climb 4.4% to 810.50 rupees, set for sixth straight session of gains

** Ratings agency Crisil upgrades PGEL's long-term bank facilities to 'A+' from "A" with a 'stable' outlook, co says

** Crisil also reaffirms short-term rating of 'A1' on the consumer electronic components maker

** Rating upgrade factors in PGEL's improving business risk profile, aided by healthy revenue share from products business while sustaining a healthy market position in the plastic moulding component business - Crisil

** Stock has more than tripled YTD, set for fifth straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of consumer electronic components maker PG Electroplast PGEL.NS rise 3.5% to a record high of 799.2 rupees

** Co on Wednesday opened its qualified institutional placement (QIP) of shares to raise 15 billion rupees ($177.2 mln)

** Co did not immediately respond to request for comment on how it plans to use QIP proceeds

** Sets floor price of 705.18 rupees/share, an 8.8% discount to stock's last close

** Says it may also offer up to an additional 5% discount on the floor price at its discretion

** Stock on track to fifth straight day of gains

** More than 2.8 mln shares traded, 2.2x the 30-day avg

** Stock has more than doubled YTD

($1 = 84.6750 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Dec 4 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST - APPROVED FLOOR PRICE FOR QIP AT 705.18 RUPEES PER SHARE

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** PG Electroplast PGEL.NS jumps as much as 15.2% to a record high of 719 rupees; last up 10.3%

** Electronic manufacturing services provider's subsidiary PG Technoplast signs agreement to exclusively manufacture Spiro Mobility's EVs in India

** PG Technoplast will set up and manage manufacturing facilities of EVs, lithium-ion batteries and related components

** Trading vols at 1.1x the 30-day average

** PGEL has nearly tripled YTD

(Reporting by Vijay Malkar)

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Nov 18 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST - PG TECHNOPLAST ENTERS ELECTRIC VEHICLE ASSEMBLY AND LITHIUM-ION BATTERY ASSEMBLY

• PG ELECTROPLAST LTD - PG TECHNOPLAST HAS SIGNED A DEFINITIVE AGREEMENT WITH SPIRO MOBILITY

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Nov 11 (Reuters) - PG Electroplast Ltd PGEL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 193.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES

Source text: ID:nBSEC4gv

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** Shares of PG Electroplast PGEL.NS climb 10.5% to a record high of 443.20 rupees

** Stock on track for fourth straight session of gain

** Electronic manufacturing services provider's Q1 consol net profit more than doubles; rev surges 95% Y/Y

** Forecasts FY25 rev growth of 33% Y/Y; 58% Y/Y profit growth

** PGEL up 86% YTD, set for fifth straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of PG Electroplast PGEL.NS up 9.5% to a record 2,607 rupees

** Electronics parts-maker's Q4 profit surged 73.2% YoY on the back of significant revenue growth which far outpaced higher expenses

** Peer Dixon Technologies DIXO.NS reported a smaller 18% jump in Q4 profit earlier this month as costs weighed

** More than 613,000 shares traded so far; logs busiest day since Aug. 29, 2023

** PGEL up ~8% YTD, DIXO up ~41%

(Reporting by Varun Vyas in Bengaluru)

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May 3 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - TO CONSIDER SUB-DIVISION OF EQUITY SHARES OF COMPANY

Source text for Eikon: ID:nBSEbyn1QQ

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April 25 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG TECHNOPLAST UNVEILS NEW INTEGRATED AC MANUFACTURING FACILITY IN RAJASTHAN

• PG TECHNOPLAST UNVEILS NEW INTEGRATED AC MANUFACTURING FACILITY IN RAJASTHAN

• RAJASTHAN FACTORY HAS INSTALLED ANNUAL CAPACITY FOR 360K SPLIT AC UNITS AND 250K WINDOW AC UNITS

Source text for Eikon: ID:nBSE9tNCcM

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** Shares of electronics components maker PG Electroplast Ltd PGEL.NS up 6.3% at 1,767 rupees

** PGEL's unit, PG Technoplast, gets nod to receive government incentives to manufacture air conditioner components

** Stock up 5% or higher only second time in 2024

** However, PGEL logged fourth straight monthly loss in March

** Stock trims YTD losses to 25.5%

(Reporting by Nandan Mandayam in Bengaluru)

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March 8 (Reuters) - PG Electroplast Ltd PGEL.NS:

• FIRE OCCURRED AT ONE OF OUR WAREHOUSE SITUATED AT UPSIDC INDUSTRIAL AREA, SURAJPUR

• FIRE WAS EXTINGUISHED WITH HELP OF FIRE DEPARTMENT

• NO HUMAN INJURIES OR CASUALTIES

• INCIDENT DOES NOT HAVE ANY MATERIAL BEARING ON OVERALL OPERATIONS OF COMPANY

• IN PROCESS OF APPRAISING ACTUAL IMPACT OF FIRE INCIDENT

Source text for Eikon: ID:nBSE7FQfcz

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** Shares of India's PG Electroplast PGEL.NS up as much as 4.9% at 2436 rupees, in steepest pct climb since Nov. 20

** Co management confident of achieving 50% YOY growth in FY24 in the room air conditioner (RAC) business, brokerage Systematix says

** Mgmt comments came at Systematix's investor conference

** Total rev expected to rise 30% YOY to touch 28 bln rupees ($336 million) in FY24 - Systematix note

** Note adds "while operating margins across segments may remain stable, a change in the mix could limit overall margins"

** YTD stock has surged about 117%, in fourth consecutive yearly gain

($1 = 83.3400 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 6 (Reuters) - PG Electroplast Ltd PGEL.NS:

• INDIA'S PG ELECTROPLAST SEPT-QUARTER CONSOL NET PROFIT 123.7 MILLION RUPEES VERSUS 71.8 MILLION RUPEES

• PG ELECTROPLAST SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.6 BILLION RUPEES VERSUS 3.36 BILLION RUPEES

Source text for Eikon: [ID:]

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Oct 17 (Reuters) - PG Electroplast Ltd PGEL.NS:

• INTIMATION REGARDING FIRE INCIDENT AT WAREHOUSE OF PG ELECTROPLAST

• ON OCT 17 FIRE OCCURRED AT ONE WAREHOUSE SITUATED IN UTTARAKHAND

• FIRE HAS BEEN EXTINGUISHED WITH HELP OF FIRE DEPARTMENT

• THERE ARE NO HUMAN INJURIES OR CASUALTIES

• CO IN PROCESS OF ASCERTAINING CAUSE OF FIRE AND QUANTUM OF DAMAGES TO STOCK WHICH WAS KEPT AT WAREHOUSE

• INCIDENT DOES NOT HAVE ANY MATERIAL BEARING ON OVERALL OPERATIONS/PERFORMANCE OF CO

Source text for Eikon: ID:nBSE7GBB4w

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