Rico Auto Industries is currently trading at Rs. 76.00, up by 1.15 points or 1.54% from its previous closing of Rs. 74.85 on the BSE.
The scrip opened at Rs. 75.95 and has touched a high and low of Rs. 77.00 and Rs. 75.45 respectively. So far 31604 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 110.90 on 24-Oct-2017 and a 52 week low of Rs. 62.25 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 75.75 and Rs. 69.25 respectively. The current market cap of the company is Rs. 1012.61 crore.
The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 9.21% and 40.71% respectively.
Rico Auto Industries has forayed into four wheeler aftermarket, after a successful year in the two wheeler aftermarket segment. Rico entered two wheeler aftermarket in May 2017 and achieved a turnover of over Rs 10 crore in the first year. Rico has established a strong network of 40 dealers and distributors across 22 states as also a foot print in Nepal and Sri Lanka.
Rico is entering the four wheeler after market segment with an optimistic target of achieving aftermarket sales of over Rs 100 crore by 2020.
Rico Auto Industries is engaged in the manufacturing of clutch and crank case. The company is engaged in the manufacturing and sale of auto components for two wheelers and four wheelers.
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