Pricol zooms ~15% after announcing JV with Pointer Telelocation

Pricol is an automotive component and precision-engineered products manufacturer based in Coimbatore, India.

Dec 13, 2018 07:12 IST India Infoline News Service

Shares of Pricol zoomed 15% in morning trade on Thursday after the company announced a joint venture with Pointer Telelocation for telematics solution. Read more.

Pricol Limited (founded as Premier Instruments and Controls Limited) is an automotive component and precision-engineered products manufacturer based in Coimbatore, India.

It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors, and off-road vehicles used in the construction and Industrial segment. The company also manufactures sintered components and products for fleet management solutions

Pricol Ltd(Merged) ended at Rs91 up by Rs1 or 1.11% from its previous closing of Rs90 on the BSE.

The scrip opened at Rs90.65 and touched a high and low of Rs92.30 and Rs88.50 respectively. A total of 1,92,328 (NSE+BSE) shares were traded on the counter.

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