News for PG Electroplast Limited (PGEL.BO)

The NSE Nifty index was trading 236.71 points down at 24764.45

Indian markets ended sharply lower on Thursday, with Sensex down 645 points and Nifty losing 204 points, as global concerns and US tax bill discussions triggered profit booking. Analysts flagged weak near-term technical trends and expect further correction if key supports break.

Indian markets fell sharply on Tuesday, with Sensex down 873 points and Nifty losing 261 points, amid weak global cues, profit booking, and cautious investor sentiment driven by US fiscal uncertainty and India-US trade concerns.

Realty firm Trinity awards ₹510 crore contract, Puravankara Group CEO resigns, Kaynes acquires August Electronics, Adani Power wins UP bid.

Despite market volatility, 56 stocks have retained multibagger status, delivering up to 760% returns since March 2024. Smallcaps like Ashika Credit Capital, Aayush Art, and Indo Thai Securities led gains, significantly outperforming the broader market, which returned only 1.6%.

This week, 748 companies will announce quarterly earnings, with key results expected from Asian Paints, Titan, Airtel, SBI, M&M, ITC, and LIC. Sector highlights include Power Grid, Divi's Labs, Tata Power, and Bharti Airtel, among others. Notable earnings announcements span from February 3 to February 8, indicating a busy week for the markets.

In the Nifty 50 index, 40 stocks ended in the green, while 10 stocks closed in the red in today's trade.

Seventeen smallcap stocks have turned multibaggers since Modi 3.0's first budget, delivering over 100% returns despite a market downturn. Companies like Marsons, Pacheli Industrial Finance, and Kitex Garments lead the gains, with notable rallies of over 200%. Investors are advised to moderate return expectations while adopting a

Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.

Shakti Pumps (India) Ltd, now commands m-cap of Rs 12,156.90 crore ($1.43 billion), as the stock climbed 494 per cent in 2024 to Rs 1,011.30 apiece against Rs 170.18 per share at 2023 end.

PG Electroplast Ltd partners with Whirlpool of India to manufacture washing machines, boosting "Make in India" initiatives.

Indian benchmark indices edged higher as IT and consumer stocks provided support, aided by rupee depreciation. The BSE Sensex fell marginally, while Bharat Electronics and Tata Investment Corporation shares showed gains. However, experts predict that external and internal factors will limit sustained market rallies.

Whirlpool of India partners with PG Electroplast for contract manufacturing of semi-automatic washing machines, enhancing product offerings.

Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.

Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 December 2024.

Stocks including Tata Motors, Syngene, JSW Steel, Bharat Electronics, Vodafone Idea, Bharat Forge, NHPC, Torrent Power and more will be in the spotlight on Tuesday, December 10.

The Nifty Bank index closed 0.52 per cent at 50626.50.

Aaron Industries, Jash Engineering, CarTrade Tech, PG Electroplast and Pearl Global, hit their fresh 52-week highs during the day.

The Nifty Auto index closed 1.37 per cent at 23359.50.