Auto Ancillary Stock in Focus After Announcing Demerger of Key Business
Bengaluru, June 29 -- The shares of this small cap company majorly engaged in manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets were in focus after the board considered demerger to support future growth.
With the market capitalization of Rs. 7199 Crores, the shares of Pricol Ltd were trading at around Rs. 591 per share which is 15 percent discount from its 52 week high of Rs. 695 per share and is trading at a P/E of 28.7 whereas industry P/E stands at 28
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Pricol's Board has approved a scheme to demerge its Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited. The DICVS business generated Rs. 2,424.63 crore in ...
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