New Year Stock : 2

PIGL
CMP: 325

Market Cap 522 Cr.
Stock P/E 56.4

-PIGL is targeting 50% YoY growth & 14% margin. 

-PIGL is in the process of increasing stake in Peaton Electricals from 15% to 60%, aiming for greater manufacturing power

-PIGL  has obtained a license from SIEMENS to manufacture, assemble, and sell SIEPAN 8PU low voltage switchboards.

-According to the various newspaper reports, Centre is going to launch PLI scheme for power transmission equipment manufacturing  by end of FY 25. PIGL is likely to benefit from this scheme.

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