GAGA Share Market News

[hfe_template id='11223'] [ad_1] Investors often chase multibaggers for their potential to multiply wealth rapidly. However, in FY25, finding one was as difficult as unearthing a rare metal. In FY24, 207 stocks (with a market cap over Rs 5,000 crore) delivered multibagger returns. In FY25, that number came down significantly just 17 out of 700-plus stocks. This is a staggering drop, especially for the Indian market, which was known for consistently churning out multibaggers over the years. PG Electroplast, Shakti Pumps, V2 Retail, Shaily Engineering Plastics, JSW Holdings, Sarda Energy and Minerals and Pearl Global Industries are few stocks that beat the market trend and made investors happy. PG Electroplast clocked the highest return of 403% during FY25. This steep drop of multibagger equities indicates a slowdown in the market's overall sentiment, particularly in the mid- to smallcap group, which often produces hefty returns. Is this the worst time to find multibag...

[hfe_template id='11223'] [ad_1] Shares of PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India. “PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in Electronic Manufacturing Services and Plastic Molding, through its wholly owned subsidiary, PG Technoplast Pvt. Ltd., 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,” said the company in a filing to the exchanges. The company informed that its primary responsibility includes setting up and managing the manufacturing facilities for Electric vehicles, Lithium-Ion batteries and related components and for procurement of parts and raw materials for the same as specified by Spiro. Spiro, meanwhile, will be ...

[hfe_template id='11223'] [ad_1] The board of PG Electroplast in its Saturday’s meeting approved a fundraise of Rs 1,500 crore by way of qualified institutional placement (QIP) through an issue of equity shares or other convertible securities. “The Company at their meeting held today i.e., Saturday, October 19, 2024 at 10:00 AM concluded at 11:05 AM have inter-alia, considered and approved the following businesses: 1. Issuance of equity shares or other convertible securities by way of Qualified Institutions Placement, for an aggregate consideration not exceeding Rs. 1500 Crores (Rupees Fifteen Hundred Crores only),” said the company in a filing to the stock exchanges. The company has further informed that the board also approved the draft notice for an extra-ordinary general meeting (EGM) to seek shareholders’ approval for issuing the securities through a special resolution. The shares of PG Electroplast have given multibagger returns this year. The stock has gained 225....