Pricol surges on entering into technology, supply partnership with TYW
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Pricol is currently trading at Rs.336.30, up by 8.25 points or 2.51% from its previous closing of Rs. 328.05 on the BSE.
The scrip opened at Rs. 337.05 and has touched a high and low of Rs. 340.00 and Rs. 333.35 respectively. So far 9352 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 352.50 on 06-Oct-2023 and a 52 week low of Rs. 170.70 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 352.50 and Rs. 313.45 respectively. The current market cap of the company is Rs. 4075.72 crore.
The promoters holding in the company stood at 38.51%, while Institutions and Non-Institutions held 9.55% and 51.94% respectively.
Pricol has entered into technology and supply partnership with Heilongjiang Tianyouwei Electronics Co (TYW), a company duly incorporated under the laws of People's Republic of China for advanced technologies in Driver Information System Solutions for Indian vehicle makers across various vehicle segments.
The company has entered into a Co-operation Agreement for Technology and Supply of Parts and Systems with TYW for advanced technologies in Driver Information System Solutions including e-cockpit, Heads up Display (HUD), etc. TYW will support Pricol exclusively on the projects identified for such advance technologies in Driver Information System for various vehicle segments in Indian market. In addition to the technology, Pricol will source components and/or sub-assemblies from TYW as part of the supply arrangement.
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.
