PG Electroplast is the leading Indian Electronic Manufacturing Service provider. On August 18, its shares surged 11.50% to ₹545.95. This rise, mirroring other consumer durable stocks, follows Prime Minister Modi's Independence Day announcement of next-generation GST reforms by Diwali 2025. Reduced GST rates on items like ACs and TVs could boost affordability and festive demand, benefiting PGEL.