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Pritika Auto Industries gains on inking agreement with Amrit Duraparts

06 Mar 2018 Evaluate

Pritika Auto Industries is currently trading at Rs. 162.00, up by 5.55 points or 3.55% from its previous closing of Rs. 156.45 on the BSE.

The scrip opened at Rs. 158.50 and has touched a high and low of Rs. 164.25 and Rs. 158.50 respectively. So far 28870 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.25 on 06-Mar-2018 and a 52 week low of Rs. 43.00 on 18-Apr-2017.

Last one week high and low of the scrip stood at Rs. 164.25 and Rs. 137.50 respectively. The current market cap of the company is Rs. 284.29 crore.

The promoters holding in the company stood at 48.28%, while Non-Institutions held 51.72% stake in the company.

Pritika Auto Industries has signed an agreement with Amrit Duraparts to buy assets (Land, Building & Machinery) located at Village Simbli in the state of Punjab. With this agreement, the total installed capacity of the company will increase to 50,000 tons per annum.

The newly acquired foundry has a capacity of 12,000 tons per annum. This plant is located very close to the industrial bases of Ludhiana, Jalandhar and Hoshiarpur, creating a significant growth opportunity for Pritika.

The company has formed a wholly owned subsidiary for this agreement in the name of ‘Paitika Engineering Components’, in which this plant, land and assets will be held in.

Pritika Auto Industries, flagship Company of Pritika Group, leading manufacturer of tractor components and Auto components in India. The company is a renowned organization in Tractor & Automotive industry providing high quality products in the field of precision machined components out of casting, forging & bar stock.

Pritika Auto Industr Share Price

13.93 0.32 (2.35%)
17-Apr-2026 16:59 View Price Chart
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