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Pritika Auto surges on commencing commercial production at newly acquired plant

15 May 2018 Evaluate

Pritika Auto is currently trading at Rs. 189.00, up by 1.00 points or 0.53% from its previous closing of Rs. 188.00 on the BSE.

The scrip opened at Rs. 188.10 and has touched a high and low of Rs. 194.00 and Rs. 188.00 respectively. So far 2525 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 08-May-2018 and a 52 week low of Rs. 52.65 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 200.00 and Rs. 187.50 respectively. The current market cap of the company is Rs. 339.78 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 achieved the transition of the acquisition of new plant as well as technological upgrade from Amrit Duraparts in a record time of 45 days. This acquired plant has also commenced commercial production.

The company had signed the agreement with Amrit Duraparts to buy assets (Land, Building & Machinery) of their plant located in Punjab, in the month of February 2018. With this acquisition, the total installed capacity of the company has increased to 50,000 tons per annum, enabling it to achieve its vision of FY20 well ahead of time.

The plant has monthly capacity to produce 1,000 MT of machined castings and will cater to the tractor & automotive segment. The foundry is spread over 4.8 acres of land with ample scope for future expansion. The total investment on plant is around Rs 20 crore and has the potential to employ more than 300 people.

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
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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