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Pricol edges up on concluding acquisition of Brazil based auto component manufacturing company

04 Feb 2015 Evaluate

Pricol is currently trading at Rs. 42.95, up by 0.15 points or 0.35% from its previous closing of Rs. 42.80 on the BSE.

The scrip opened at Rs. 43.70 and has touched a high and low of Rs. 43.70 and Rs. 42.80 respectively. So far 28798 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 69.20 on 22-Sep-2014 and a 52 week low of Rs. 24.20 on 03-Feb-2014.

Last one week high and low of the scrip stood at Rs. 46.40 and Rs. 42.35 respectively. The current market cap of the company is Rs. 406.68 crore.

The promoters holding in the company stood at 40.18 % while Institutions and Non-Institutions held 6.74 % and 53.08 % respectively.

Pricol has completed the acquisition of the Melling Do Brazil Componentes Automotivos, Sao Paulo, Brazil. The acquisition cost is Brazilian One Reais (B$ 1) only.

The company had earlier on December, received an approval to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain ‘Pricol Espana Sociedad’.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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