Multibagger stock PG Electroplast surges 300% in 1 year — should you buy ahead of Q4 results?

PG Electroplast share price declined over 5 per cent in the intraday trade on the BSE on Friday, May 9, looking set to extend its losing run to the second consecutive session. In the previous session, the stock declined 2 per cent. The stock has been under pressure since April. However, despite the recent downtrend, the stock has given multibagger returns of 300 per cent over the last year.

PG Electroplast share price trend

According to Trendlyne, an equity research platform, the multibagger stock has jumped 300 per cent over the past year, delivering staggering returns of 1,004 per cent and 22,611 per cent over the last three and five years, respectively.

It hit a 52-week high of ₹1,054.95 on January 6 this year and a 52-week low of ₹194.58 on May 10 last year.

On a monthly scale, the stock has declined 2 per cent in May after an 8 per cent decline in April.

On July 10, 2024, the stock underwent a split in the ratio of 1:10, reducing the face value from ₹10 to ₹1 per share. For every one share of ₹10 face value that an investor held, they received 10 shares of ₹1 each.

PG Electroplast Q4 results in focus

The consumer electronics company will announce its March quarter (Q4) results on Monday, May 12.

"We inform you that the officials of the company will attend earnings conference call/investor meeting on financial performance of the company for the quarter and the financial year ended March 31, 2025, on Monday, May 12, 2025, at 4:00 PM, organised by JM Financial Institutional Securities Limited," the company said in an exchange filing on May 3.

Should you buy PG Electroplast shares before Q4 results?

Experts say amid the recent correction in the stock market, technical indicators and price action suggest a positive bias, and traders can look for long opportunities on strength or pullbacks toward the support zone.

Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that PG Electroplast has shown encouraging technical signs, forming a bullish engulfing pattern near a key support zone, which typically indicates a potential reversal from a downtrend.

"This pattern gains further strength as the Relative Strength Index (RSI) has bounced back from the 35 level, suggesting waning bearish momentum and a possible shift toward bullish sentiment," said Patel.

Patel noted that these signals point to an optimistic outlook for the stock.

"PG Electroplast could aim for the ₹920 level in the coming months. On the downside, strong support is expected in the ₹800– ₹780 zone, offering a cushion against significant corrections," said Patel.

According to Mandar Bhojane, an equity research analyst at Choice Broking, PG Electroplast recently formed a bullish engulfing candlestick pattern on the daily chart, signalling a potential trend reversal.

Bhojane pointed out that the stock is sustaining above the key ₹850 level, which is the high of the engulfing candle, indicating a strong follow-up.

"A decisive close above ₹860 could open the path for further upside towards the ₹920 and ₹960 levels. The Relative Strength Index (RSI) is at 47 and trending upwards, suggesting a reversal from the oversold region. Additionally, the stock is trading above its 100-day and 200-day exponential moving averages, reinforcing the bullish sentiment," said Bhojane.

"On the downside, immediate support is seen at ₹800, and any dip toward this level may be considered a buying opportunity. A prudent stop-loss for this setup could be placed at ₹780 to manage risk effectively," Bhojane said.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.