** 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)
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