PG Electroplast shares tank 54% from peak, analysts see weak quarters ahead. Here’s what they say

PG Electroplast fell 19.66% to Rs 487, extending two-day loss to 28% after weak Q1 results and lowered FY26 guidance.

Nuvama cut EPS estimates up to 36% and target price to Rs 710, citing weak demand, high inventories, and margin pressure.

Nirmal Bang trimmed EPS estimates by 26–27%, target at Rs 700, but retained ‘Buy’ on long-term growth potential.

Geojit and LKP warned of more downside, with support at Rs 545/508 and advice to avoid bottom-fishing.