Pricol shines on entering into exclusive technology partnership with BMS PowerSafe
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Pricol is currently trading at Rs. 142.50, up by 6.25 points or 4.59% from its previous closing of Rs. 136.25 on the BSE.
The scrip opened at Rs. 143.20 and has touched a high and low of Rs. 143.90 and Rs. 141.45 respectively. So far 14701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 149.50 on 20-Apr-2022 and a 52 week low of Rs. 74.00 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 143.90 and Rs. 132.85 respectively. The current market cap of the company is Rs. 1660.64 crore.
The promoters holding in the company stood at 36.53%, while Institutions and Non-Institutions held 12.95% and 50.52% respectively.
Pricol has entered into exclusive technology partnership with BMS PowerSafe., a French company part of the Startec Energy Group, to manufacture Battery Management System (BMS) for Electric vehicles across all segments.
Pricol has entered into an International licensing agreement with BMS PowerSafe to manufacture and sell Battery Management System (BMS) for Indian Market. As part of the arrangement, BMS PowerSafe will develop the software and provide its BMS platform as an end-to-end solution in consultation with Pricol.
Pricol is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.
