The domestic equity benchmarks traded with major gains in morning trade. The Nifty traded above the 23,700 level. Media shares advanced after declining in the past trading session. At 09:26 IST, the barometer index, the S&P BSE Sensex jumped 903.36 points or 1.16% to 78,240.26. The Nifty 50 index gained 276.85 points or 1.18% to 23,730.65. In the broader market, the S&P BSE Mid-Cap index rallied 1.30% and the S&P BSE Small-Cap index jumped 1.50%. The market breadth was strong. On the BSE, 2,837 shares rose and 767 shares fell. A total of 141 shares were unchanged. Buzzing Index: The Nifty Media index jumped 2.93% to 1,954.55. The index fell 1.42% in the past trading session. Zee Entertainment Enterprises (up 7.27%), PVR Inox (up 2.95%), Dish TV India (up 2.91%), Sun TV Network (up 2.23%), Den Networks (up 2.04%), Hathway Cable & Datacom (up 1.77%), Nazara Technologies (up 1.19%), Tips Music (up 1.18%) and Saregama India (up 0.65%) advanced. Stocks in Spotlight: PG Electroplast soared 10.33% after the company informed that its wholly owned subsidiary, PG Technoplast has signed a definitive agreement with Spiro Mobility to manufacture electric vehicles (EVs) of Spiro Mobility (Spiro) in India. Shilpa Medicare rallied 3.53% after the company has received a certificate of suitability from the European Directorate for the Quality of Medicines & Healthcare for API, Octreotide.Powered by Capital Market - Live

PG Electroplast (PGEL) through its wholly owned subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for manufacturing of the EVs of Spiro Mobility (Spiro) in India. The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicle, lithium-Ion batteries and related components and for procurement of parts and raw materials for the same as specified by Spiro. Spiro shall be responsible for research and development, marketing, sale, and distribution of the EV products manufactured by PG Technoplast. Powered by Capital Market - Live

The primary responsibility of the company will be setting up and managing the manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. The company was also tasked with procuring parts and raw materials as specified by Spiro. On the other hand, Spiro Mobility took responsibility for research and development, marketing, sales, and distribution of the EV products manufactured by PG Technoplast. Vishal Gupta, MD (Finance), PG Electroplast (PGEL) said, 'The company's entry into EV and Lithium-Ion batteries manufacturing opens up a new horizon of growth for the company and with Partner like Spiro, the company is confident that this association will go a long way and become a sizeable player in the EV market in India.' Kaushik Burman, CEO of Spiro Mobility Said 'Spiro is Africa's largest EV player and we are excited to partner with PG Technoplast for manufacturing the EVs and Lithium-Ion Batteries. The great execution track record, coupled with management's professionalism and execution focus, inspires confidence that the association of PG and Spiro will bring mutual success to each other and expand the EV space in emerging markets further.' PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India. The company has one of the biggest capacities in Plastic Injection molding and has capabilities across the value chain in original equipment manufacturing (OEM) and original design manufacturing (ODM) products like room ACs, washing machines, air-coolers, and LED TVs. The company's consolidated net profit spiked 56.31% to Rs 19.32 crore on 45.79% increased in revenue from operations to Rs 671.29 crore in Q2 FY25 over Q1 FY24. Shares of PG Electroplast shed 0.59% to close at Rs 624.95 on Monday, 18 November 2024.Powered by Capital Market - Live

Net profit of PG Electroplast rose 56.27% to Rs 19.33 crore in the quarter ended September 2024 as against Rs 12.37 crore during the previous quarter ended September 2023. Sales rose 45.80% to Rs 671.30 crore in the quarter ended September 2024 as against Rs 460.42 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales671.30460.42 46 OPM %8.408.16 - PBDT45.5128.65 59 PBT30.0617.60 71 NP19.3312.37 56 Powered by Capital Market - Live

PG Electroplast will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

PG Electroplast announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 November 2024 .Powered by Capital Market - Live

PG Electroplast will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live

BF Utilities Ltd, Vakrangee Ltd, Bombay Burmah Trading Corporation Ltd and Valor Estate Ltd are among the other losers in the BSE's 'A' group today, 07 October 2024.PG Electroplast Ltd lost 11.39% to Rs 540.6 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.3 lakh shares were traded on the counter so far as against the average daily volumes of 1.23 lakh shares in the past one month.BF Utilities Ltd crashed 9.32% to Rs 935. The stock was the second biggest loser in 'A' group.On the BSE, 20370 shares were traded on the counter so far as against the average daily volumes of 50945 shares in the past one month.Vakrangee Ltd tumbled 9.30% to Rs 27.9. The stock was the third biggest loser in 'A' group.On the BSE, 49.42 lakh shares were traded on the counter so far as against the average daily volumes of 76.2 lakh shares in the past one month.Bombay Burmah Trading Corporation Ltd corrected 8.29% to Rs 2536. The stock was the fourth biggest loser in 'A' group.On the BSE, 26587 shares were traded on the counter so far as against the average daily volumes of 12464 shares in the past one month.Valor Estate Ltd plummeted 8.01% to Rs 168.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.94 lakh shares were traded on the counter so far as against the average daily volumes of 1.31 lakh shares in the past one month.Powered by Capital Market - Live

PG Electroplast has appointed Krishnavatar Khandelwal (DIN: 00075715) as Additional Director in capacity of Non-Executive Independent Director of the Company with immediate effect from 30 September 2024 for a period of 5 (Five) years. Powered by Capital Market - Live

PG Electroplast announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live