New Delhi, March 9 -- Shares of PG Electroplast, the flagship entity of the PG Group, crashed 14% to a five-week low of Rs.525.25 apiece, in tandem with the sell-off in the Indian stock market, after the company informed investors about a shortage of gas under its Gas Sale and Purchase Agreement.

PG Electroplast shares opened the session at Rs.599 apiece, compared to the previous close of Rs.609 apiece, and the sell-off deepened as the day progressed, with the stock reaching the day's low of Rs.525.25 apiece. The stock was last seen around these levels in late January.

The company informed investors through an exchange filing today that it received a communication from gas suppliers regarding a shortage of gas under its Gas Sale and Pur...