Multibagger PG Electroplast share price jumps 15% to hit 52-week high on EV manufacturing deal with Spiro Mobility

Multibagger Stock: PG Electroplast share price jumped 15% to touch a 52-week high today after the company, via its wholly owned subsidiary PG Technoplast, finalised a definitive agreement with Spiro Mobility to manufacture Spiro's electric vehicles in India. PG Electroplast share price today opened at ₹652.95 apiece on the BSE, the stock touched an intraday high of ₹718.35, and an intraday low of ₹652.7. Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, highlighted that the PG Electroplast share price has seen a strong gap-up opening and followed buying traction in today's session backed by strong volumes. Spiro will take charge of research and development, as well as the marketing, sales, and distribution of the electric vehicle products produced by PG Technoplast Ltd. “The company’s entry into EV and Lithium-Ion batteries manufacturing opens up a new horizon of growth for the company and with Partner like Spiro, the company is confident that this association will go a long way and become a sizeable player in the EV market in India,” said Vishal Gupta, Managing Director, PG Electroplast.