PG Electroplast Limited's manufacturing units impacted due to Covid19 restrictions

The operations at PG Electroplast Limited's manufacturing units situated at Supa MIDC, Dist. Ahmednagar, Maharashtra are impacted due to new Covid-19 restrictions imposed by the State Government of Maharashtra from April 14, 2021 till May 01, 2021.

The overall situation remains uncertain and operations of the Company in terms of production and sales could be impacted during this period. Typically, this is a peak season for the company's products such as Coolers and parts of Air-Conditioners & Refrigerators. Therefore, the financial performance could have adverse impact in 1QFY2022.

All operations shall be in full compliance of the regulatory norms. The company is following all relevant government Directives and guidelines regarding health and safety of the workforce. Work from Home Facility has been extended where feasible and prudent to few employees. The Company will continuously monitor the implementation of government directives and guidelines at working place.

Shares of PG ELECTROPLAST LTD. was last trading in BSE at Rs.357.35 as compared to the previous close of Rs. 376.15. The total number of shares traded during the day was 9578 in over 142 trades.

The stock hit an intraday high of Rs. 378.9 and intraday low of 357.35. The net turnover during the day was Rs. 3436239.

Source : Equity Bulls

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