Pricol

In past four trading days, BSE smallcap index has rallied 5.3 per cent, as against 3.6 per cent rise in the S&P BSE Sensex.

Pricol is expected to register steady business performance on healthy demand for its products from OEMs and export customers and sustain its operating profitability at current levels, as per analysts

MCL bought Pricol's shares at a price of Rs 208.98 per share. This is an open-market transaction and no prior approvals have been obtained

Pricol is a major player in the connected vehicle solutions and telematics segment of the auto component industry

Coimbatore-based automotive components company denies promoters selling stake

Pricol said the promoters have absolutely no intent of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form.

Since July, most of the auto ancillary stocks have geared up with a resolute strength and continue to rally smartly seeking higher ground.

Pricol Ltd has recorded a consolidated profit for the July-September 2022 quarter at Rs 47.52 crore, the company said on Friday. The city-based automotive technology company had registered consolidated profit at Rs 14.66 crore during corresponding quarter of previous year. For the half year ending September 30, 2022 the consolidated profit grew to Rs 68.12 crore from Rs 20.60 crore registered in same period of previous year, the company said. The consolidated total income during the quarter under review went up to Rs 516.46 crore from Rs 409.49 crore registered in same period of last year. For the six-month period ending September 30, 2022 the consolidated total income grew to Rs 962.90 crore as against Rs 729.41 crore registered in same period of last year. "Whilst the demand from the industry remains stable, the supply chain disruptions and chip shortages still continue to put a stress on our top-line and bottom-line. With our focused efforts to meet the customer demand despite

On Wednesday, January 19, Aditya Birla Sun Life Mutual Fund Pure Value Fund purchased 1 million equity shares representing 0.82 per cent stake of Pricol at Rs 126.50 per share via bulk deal on the NSE

Rating agency ICRA said that its reaffirmation in ratings takes into account Pricol's strong revenue and margin growth in FY2021 and H1 FY2022.

Auto ancillary stocks may jump up to 15 per cent in upcoming sessions

The company's total income stood at Rs 390 crore during the quarter, up a marginal 1%

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The slowdown in the automobile sector has forced many manufacturers and component suppliers to cut production and plan temporary plant closures

Automotive component manufacturer Pricol Ltd has signed an agreement to acquire 100 per cent of the wiping systems business of PMP Auto Components Pvt Ltd.The acquisition would be undertakin by Pricol Ltd through its wholly owned subsidiaries and the transaction will be funded by a combination of internal accruals and external debt. The company said that the transaction would be EPS accretive to the shareholders of Pricol and the profitability is expected to further improve upon integration of the business with Pricol.PMP, which acquired the wiping systems bysiness in 2008, currently runs manufacturing facilities in Czech Republic, Mexico and India. "With manufacturing presence in Czech Republic and Mexico, this acquisition fits in perfectly with our ongoing plans to establish presence in these regions," said Vikram Mohan, managing director of Pricol.Harsh Piramal, managing director of PMP Auto Components said, "PMP has decided to divest this business as part of its strategic ...

The company, however, did not disclose investment details

In past three-weeks, the stock appreciated by 61% from Rs 51.95 on May 26 to Rs 83.60.