Pricol is currently trading at Rs. 57.30, up by 8.15 points or 16.58% from its previous closing of Rs. 49.15 on the BSE.
The scrip opened at Rs. 54.70 and has touched a high and low of Rs. 58.65 and Rs. 53.05 respectively. So far 7011 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 137.65 on 03-Jan-2018 and a 52 week low of Rs. 44.70 on 11-Oct-2018.
Last one week high and low of the scrip stood at Rs. 58.65 and Rs. 47.00 respectively. The current market cap of the company is Rs. 465.93 crore.
The promoters holding in the company stood at 37.18%, while Institutions and Non-Institutions held 4.40% and 58.42% respectively.
Pricol and Pointer Telocation have signed a Letter of Intent (LoI) to form a Joint Venture (JV) for Telematics Solutions in India and South East Asia. Both the companies will provide advanced telematics and IoT solutions in India and other countries in South East Asia. This Joint Venture will further enable Pointer and Pricol to be the leaders in the Indian telematics market.
Through the joint venture, Pointer and Pricol will provide variety oftelematics solutions to the customers for both the OEM and the aftermarket segments. Pricol will bring its robust manufacturing capabilities as well as strong sales and distribution network in OEM and aftermarket segment.
Pricol is an automotive components and precision engineered products manufacturer based in Coimbatore, India.
