Pricol Ltd up by 6.58 percent - Traders Corners | Espresso

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Espresso Shot of the Day - Pricol Ltd up by 6.58 percent

July 21, 2022
Espresso Shot of the Day - Pricol Ltd up by 6.58 percent

PRICOL LTD  151.45 (+6.58%) BSE – INE726V01018 | 21st  July 2022

https://www.myespresso.com/images/Binge-graph-image_Pricol-Ltd-202207211841243140053.jpg

Pricol commenced its operations in the manufacture of automotive instruments in 1975 in Coimbatore, South India. Committed to leadership and excellence and guided by its core values, Pricol continues its stride as a reputable global brand in the automotive component and products business. Today, Pricol provides leading automobile and industrial brands with precision-engineered technological solutions in more than 2000 product variants in over 45 countries. Pricol group is powered by a 5100 strong, dedicated and skilled workforce across 8 countries which resolutely pursues the mission to be PASSIONATE, SUSTAINABLE, DYNAMIC and EVOLVING.


Recent Drivers

  • On July 14th 2022, Pricol Limited entered into a partnership with BMS PowerSafe, a French company that is part of Startec Energy Group, to Systems (BMS) for electric vehicles. With this agreement, Pricol will manufacture and sell Battery Management Systems for the Indian market.
  • Pricol Ltd, a manufacturer of auto parts and precision-engineered products, announced the inauguration of  Centre of Excellence (CoE) in association with PSG College of Technology, Coimbatore on July 8th
  • The Board of Directors at their meeting held on 14th June, 2022 appointed Mr.Priyadarsi Bastia as Chief Financial Officer and Key Managerial Personnel under Section 203 of Companies Act, 2013, with effect from 1st July 2022.
  • On May 24th2022, the company reported a quarterly Net profit of Rs 17.10 crores in the quarter ended March 2022 as against Rs 1.40 crores during the previous quarter ended March 2021.
  • On May 24th2022, the company reported sales of Rs 403.69 crores in the quarter ended March 2022 .
(Sources: BSE, Money control, , ThehinduBusinessline ,The Hindu,Business Standard)


Technical Force*

  • S&P BSE Small Cap month till date gain by 7.79%
  • 3 months avg. NSE volume: 876,633
  • Quantity traded: 1,34,050| Deliverable Quantity: 42,100 (31.41%)
  • The stock price jumped by more than 90% from a one-year low level: 74.00  (August 24th ,2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 152.80 | 52-week-low: 74.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

231.68

181.52

146.18

96.02

60.68

10.52

-

-

Fibonacci Pivot

181.52

148.86

128.68

115.68

96.02

76.35

63.36

43.18

10.52


Today’s Close

142.10

SMA

BSE

10 DAY

141.79

20 DAY

136.90

50 DAY

123.97

200 DAY

120.89


Some Key Ratios (Source: BSE)

Market Cap: 1,845.90 Crores

PE:  40.46

OPM%: 12.89

ROE%:  8.02

Promoters holding%: 36.53

Prev. Close:  142.10


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

*Chart and Technical Force data from the Binge desktop app

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.