Trading in the stock market is considered risky, as it cannot be said which share will make the investor rich in one stroke and when will the next moment be destroyed. One such shock has been attached to those investing in the consumer electronics sector company PG Electroplast. In fact, the company’s stock has fallen by 33% in just two business days, causing a panic among investors.
This shares are falling continuously
The PG Electroplast Share was badly broken and slipped up to 20 percent just before the stock market shut down on the last trading day of the last week. This huge decline suddenly caused panic among investors. On the first trading day of the week, there was no improvement in the condition of this stock and after the opening, the stock of PG Electroplast kept falling. By the time the news was written, it was trading nearly 18 percent. In this way, it has fallen by 33 percent in only two business days.
10457% return in 5 years, now crispy condition
Let us tell you that the share of PG Electroplast is a multibagger share and investors investing in this stock in the last five years have got a huge return of 10,457 percent. On 14 August 2020, the price of this stock was only Rs 4.70, which is now Rs 491.80, despite a recent decline. According to this multibagger return, if an investor had invested only Rs 1,00,000 in the shares of PG Electroplast, he would have become a millionaire by now and his amount would have increased to Rs 1,05,57,000. But this multibagger stock has continued to fall for the last one month and it has fallen continuously during the last two business days. Due to which investors are surprised. With a market cap of Rs 14040 crore, the company’s highest level of 52 weeks was Rs 1054.20, while the minimum level has been Rs 414.15.
Why did the share decline?
Now let us tell you why there was such a big decline in this stock? So let us know that last week the company has reduced its revenue growth estimate for the entire financial year. PG Electroplast has reduced its estimate of Rs 7,200 crore to between Rs 6,550-6,650 crore. The company has also reduced its estimate of net profit and has predicted its possibility of being between Rs 300 crore to Rs 310 crore instead of Rs 405 crore in the March quarter.
