PG Electroplast shares enter F&O ban after 36% fall in four sessions — What lies ahead?

Shares of PG Electroplast Ltd., which have seen a sharp fall over the last two trading sessions, have now entered the Futures & Options (F&O) ban ahead of Tuesday’s trade on August 12.The stock was already on a two-day losing streak before Friday’s sharp fall, now taking the four-day drop in stock price to 36%. With Monday’s fall, the stock has also halved on a year-to-date basis.

PG Electroplast shares entering the F&O ban means that no new positions can be created in the stock until it is out of the ban.

This means that the total market wide position limit (MWPL) of PG Electroplast crossed the 95% mark on Monday.
Market Wide Position Limit means the maximum number of open derivatives contracts that all market participants can collectively hold in a specific stock.In an interaction with CNBC-TV18 on Monday, Vikas Gupta of PG Electoplast said that for now, he does not see any downside risk to the revised guidance across parameters and the promoters remain committed to the business. You can read more on the interaction here.

Brokerages like Anand Rathi downgraded the stock on Monday, while Nuvama maintained its “buy” rating on the stock, but slashed its price target by 35%.

As many as 5.1 crore shares of PG Electroplast changed hands on Monday, with a total traded value of over ₹2,500 crore. However, only 18.5% of those shares were marked for delivery, according to data available on the NSE.

Shares of PG Electroplast ended 12.7% lower on Monday at ₹514.15. The stock has also halved from its January 2025 high of ₹1,054.