PG Electroplast shares rebounded 4% after its unit inked a ₹1,000 cr MoU with Maharashtra for a greenfield consumer electronics facility under the 'Magnetic Maharashtra' initiative. However, analyst Akhilesh Jat flagged the structure as weak, saying the stock must reclaim ₹600 to turn bullish. PGEL remains down 43% YTD amid profit and guidance cuts.