10:1 Stock Split: 128% YTD Return; Buy The Stock By Record Date - July 10?

For prominent Indian and international brands, PG Electroplast Limited (PGEL) provides key solutions. PGEL, the flagship firm of PG Group, was established in 2003 and is a trailblazer and top supplier of Electronics Manufacturing Services in India. Its areas of expertise include plastic injection moulding, original design manufacturing (ODM), and original equipment manufacturing (OEM). It serves more than forty-five top Indian and international brands in a variety of sectors, including consumer electronics, bathroom fittings, automotive in India, and consumer durables. In just a year, the stock has returned a whopping 127.40% and 50.55% YTD. It reached a 52-week-high of Rs 3,590.65 (28/06/2024) and a 52-week-low of Rs 1,436.05 on (24/07/2023).

PG Electroplast Stock Split

"We would like to inform your good office that in terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed "Wednesday, July 10, 2024" as the "Record Date" for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division/ Split of existing Equity Shares of the Company from 1 (One) Equity Share having face value of Rs. 10/- each (Rupees Ten Only) fully paid-up into 10 (Ten) Equity Shares having Face Value of Rs. 1/- each (Rupee One Only) fully paid up," said the company in a stock exchange filing.

PG Electroplast Growth Outlook

"FY2024 has been another remarkable year in the growth journey of PGEL, Company has been able to strengthen its Balance sheet, successfully expanded its capacities in RAC business and formed new partnerships for Electronic and IT hardware business. All existing business lines have high visibility of strong growth rates, while several new promising opportunities are at the door step of the company. Focus on efficient capital allocation, driven by improving Asset turns through product business growth has been the hallmark of our strategy and we aim to deliver Industry leading growth with best in class return ratios in coming years. We believe that our new initiatives along with focused product strategy will open new growth horizon for Company in near future." said Mr. Anurag Gupta, Chairman of the company.

PG Electroplast Share Price Target

"Leading EMS and Plastic Injection Molding company PGEL is trading in an overbought situation at its current price level of Rs. 3,530. Its RSI levels of 81 on daily, 84 on weekly, and 79 on monthly timeframes suggest overbought momentum. Despite a robust 1-year return of 115.68%, a 3-year return of 691.05%, and a 5-year return of 6,614.31%, I suggest caution due to its high prices. PGEL's PE ratio stands at 65.17, slightly below the sector average of 66.73, and it boasts a ROE of 19.57%. Though the fundamentals of the stock with a market capitalization of Rs. 8,791 crore are strong, I recommend waiting for a dip and exploring the buying range of Rs. 3,200 to Rs. 3,000. Investors can set a target between Rs. 3,800 and Rs. 4,500, with a stop-loss of Rs. 2,800, and consider holding this stock for 6-40 weeks to maximize potential gains," V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT) commented.

Disclaimer

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