1 week Ago
PG Electroplast (PGEL) shares may remain in focus on Tuesday as the company announced entering into a definitive agreement with Whirlpool of India to manufacture select Whirlpool-branded semi-automatic washing machines . “Whirlpool of India Limited ("Whirlpool”) and PG Electroplast Limited (“PGEL”) have signed a Definitive Agreement, for contract manufacturing of select models of Whirlpool branded semi-automatic Washing Machines,” announced the company via a filing to the stock exchanges. Under the arrangement, PGEL will manufacture some of the SKUs for Whirlpool at its factory at Roorkee.
Notably, PGEL is already an existing supplier of Whirlpool-branded air conditioners and both companies stated that they will continue to evaluate the potential expansion opportunities. “We are pleased to deepen our relationship with Whirlpool. As a leading home appliance manufacturer in India, Whirlpool is renowned for their industry-leading products.
With this association we aim to unlock new opportunities for growth and help Whirlpool deliver exceptional value to its customers while setting new benchmarks in efficiency,” said Vikas Gupta, Managing Director (Operations) of PG Electroplast. Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Point & Figure Chart Mastery: A Comprehensive Trading Guide By - Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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8% in the last one year and by 304.7% in the current year so far. Even in the last 6 months, the stock has surged by 200%.
The shares of PG Electroplast closed 5% higher at Rs 964.15 on the BSE on Monday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of The Economic Times) ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our ETMarkets WhatsApp channel ).
