PEL Share Price 26 March 2024
๐๐๐ค Pitti Engineering Company has delivered outstanding returns to its investors. Over the past 10 years, the company’s shares have earned their investors more than 4,400% profit. In 2014, the company’s shares were trading at Rs. 16.
๐ฅ๐ฐ๐ Currently, the company’s shares are trading at around Rs. 750. On Friday, 22nd March 2024, PEL shares closed at Rs. 746.50, a decrease of 1.02%.
๐๐๐ฎ Market experts predict that in the coming days, there could be further growth in the company’s shares. According to analysts, the company’s shares could touch a price of Rs. 1,083 in a short period of time.
๐ผ๐น๐ธ During Thursday’s trading session, the company’s shares were trading at Rs. 753.40. On Wednesday, the shares were up by 1.77%, reaching a price of Rs. 765.60.
๐ ๐ต๐ On March 4, 2024, PEL shares were trading at a 52-week high of Rs. 817.75. The company’s shares are currently 175% above their 52-week low of Rs. 267.90.
๐ผ๐น๐ฐ On Tuesday, 26th March 2024, the shares were trading at Rs. 860, with a decrease of 0.21%.
๐๏ธ๐๐ Brokerage firm KR Choksi’s experts state that the company has signed an agreement with Bagadia Chaitra Industries Pvt. Ltd. to expand its presence in the South Indian market. This agreement will increase PEL’s production capacity to 90,000 tons.
๐๐ฎ๐น Market experts anticipate that during the financial years 2023-26, the company’s revenue, EBITDA, and profit are expected to grow at a CAGR of 20.4%, 23.8%, and 39%, respectively. PEL is primarily engaged in the business of manufacturing electrical steel laminations, motor and generator core assemblies, die-cast rotors, and machined components and fabricated parts.
Stay tuned for more updates on PEL’s share price performance! ๐๐ผ๐ฐ
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