PG Electroplast shares crash another 15%. Nuvama cuts target prices, technical analysts warn of more downside

PG Electroplast shares plummeted after Nuvama downgraded its target price due to weak Q1 results and reduced FY26 guidance. The company cited a challenging start to the year, soft demand, and excess inventory. Technical analysts suggest avoiding bottom-fishing, with further downside likely after the stock broke down from its consolidation phase.