FIIs & DIIs Increases Stake: This Flagship Company of PG Group Stock Price Surge Over 11% as GST Reform Optimism Lifts Consumer Durable Stocks

On August 18 at 11:51 AM, PG Electroplast Ltd was trading at Rs 545.95, up by Rs 56.30 or 11.50 per cent from the previous session.

Consumer durable stocks such as PG Electroplast, Voltas, and Amber witnessed a sharp rise after Prime Minister Narendra Modi’s Independence Day address, where he announced that next-generation GST reforms would be introduced ahead of Diwali 2025. These reforms are expected to ease the tax burden on consumers and MSMEs, offering potential support to the consumer goods and manufacturing sectors. At present, products like air conditioners and televisions larger than 32 inches attract a 28 per cent GST rate, while items such as smartphones, refrigerators, washing machines, microwaves, and smaller televisions fall under the 18 per cent slab. Any reduction in these rates could enhance affordability and stimulate festive season demand.

About the Company

PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Service provider. It specialises in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding, catering to 50+ leading Indian and Global brands.

The company has a market cap of over Rs 15,000 crore. The company has delivered a good profit growth of 100 per cent CAGR over the last 3 years, and the stock price is trading at 5.43 times its book value. The stock is up by 16 per cent from its 52-week low of Rs 465 per share. In the June 2025 quarter, FIIs increased their stake from 10.45 per cent in March 2025 to 13.02 per cent, while DIIs raised their holding from 16.37 per cent to 18.09 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.