BUZZ-India's PG Electroplast jumps on deal with Whirlpool of India

Reuters

2024-12-24

BUZZ-India's PG Electroplast jumps on deal with Whirlpool of India

** PG Electroplast PGEL.NS rises as much as 5.3% at 1,001 rupees

** Consumer electronics maker and Whirlpool of India WHIR.NS sign deal to contract manufacture select Whirlpool-branded semi-automatic washing machines at PGEL's Roorkee plant

** No financial details have been disclosed yet

** Stock set to gain for second straight month; added 38.1% so far in December

** PGEL rated "buy" on avg; median PT is 679.5 rupees - LSEG

** Stock last up 4.9%, extending YTD gains to 320%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

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