** Shares of PG Electroplast PGEL.NS climb 3.5% to 559.2 rupees, on track for a fourth consecutive session of gains

** Co signs agreement with Hongkong based PAX Global Technology's 0327.HK Indian unit to manufacture Point-of-Sale $(POS.AU)$ devices

** Stock hit an intraday high of 573 rupees at 9:53 a.m. IST and held onto gains following the announcement

** Production is expected to commence by year end, marking PGEL's foray into the payments and fintech hardware space, co says

** Eight analysts covering the stock have a "buy" rating on average ; median PT is 756 rupees, per data compiled by LSEG

** Stock down 45.5% YTD

(Reporting by Urvi Dugar)