PG Electroplast shares surged over 11% in intraday trade on April 15, riding strong momentum driven by rising air-conditioner (AC) demand amid the intensifying summer season.
As of 2:48 PM (IST), the stock touched a high of ₹544.25, compared to the previous close of ₹486.85, reflecting robust buying interest from investors betting on seasonal demand tailwinds.
The sharp upmove in PG Electroplast comes at a time when rising temperatures across India are accelerating demand for cooling appliances, especially air conditioners. The company, a key player in electronics manufacturing services (EMS), is a major beneficiary of increased AC production by leading consumer durable brands.
As of 2:48 PM (IST), the stock traded in a range of ₹494.75 to ₹544.25 after opening at ₹502.00. Trading activity remained elevated, with volumes crossing 1.08 crore shares, indicating heightened participation from market participants during the rally.
Despite the sharp intraday gains, the stock is still below its 52-week high of ₹1,008.00, while remaining above the 52-week low of ₹436.55.
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