business

Stock of the Day| PG Electroplast | This stock is a key beneficiary of Make-in-India Tailwinds

PG Electroplast, one of the leading electronic manufacturing service (EMS) providers for washing machines (WMs), room air conditioners (RACs) and air coolers in the country, has been firing on all cylinders for the past several quarters. For FY25, the company is on track to achieve its targeted group revenue guidance of Rs 4,200 crores. Riding on the industry tailwinds (PLI, China+1 Theme, domestic consumption), the management is looking to rapidly scale its presence across different verticals. Also, the planned capacity expansion positions the business well for a strong growth in the coming years.

first published: Oct 21, 2024 10:05 am