PG Electroplast shares in focus after Government of Singapore buys stake worth Rs 288 crore

Shares of PG Electroplast are set to be in focus on Wednesday after the Government of Singapore bought shares worth Rs 288 crore in the multibagger smallcap via a block deal on Tuesday, triggering fresh interest in the volatile stock, which has corrected sharply in 2025.

The Government of Singapore acquired over 38.18 lakh shares at a price of Rs 754.80 apiece, representing a 2% discount to PG Electroplast’s Monday closing price of Rs 771.55. The total value of the transaction stood at Rs 288 crore, according to exchange data.

PG Electroplast shares closed nearly flat on Tuesday at Rs 765 on the BSE, even as broader market sentiment remained subdued.

Despite delivering 200% returns over the past 12 months, PG Electroplast has corrected by 25% so far in 2025 amid a phase of consolidation. The stock is currently trading below its 50-day simple moving average of Rs 867 but remains above its 200-day SMA of Rs 753.

With a one-year beta of 1.8, the stock has witnessed heightened volatility, making it sensitive to both market-wide and company-specific developments.

Robust Q4 performance

PG Electroplast posted a consolidated net profit of Rs 145 crore for the quarter ended March 2025, more than doubling from Rs 70 crore in the year-ago period—a 107% year-on-year rise. Total revenue surged 79% to Rs 1,930 crore, compared with Rs 1,080 crore a year earlier.

The company is a diversified electronic manufacturing services (EMS) provider, offering both original design manufacturing (ODM) and original equipment manufacturing (OEM) solutions to over 60 Indian and global brands. Its product portfolio includes air conditioners, washing machines, LED televisions, and air coolers.

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