Pritika Auto Industries moves up on starting commercial production of new components
Pritika Auto Industries is currently trading at Rs. 24.00, up by 0.09 points or 0.38% from its previous closing of Rs. 23.91 on the BSE.
The scrip opened at Rs. 24.50 and has touched a high and low of Rs. 25.14 and Rs. 24.00 respectively. So far 71199 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 54.33 on 09-Feb-2024 and a 52 week low of Rs. 22.01 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 25.14 and Rs. 23.13 respectively. The current market cap of the company is Rs. 403.13 crore.
The promoters holding in the company stood at 57.51%, while Institutions and Non-Institutions held 6.61% and 35.87% respectively.
Pritika Auto Industries has started commercial production of the ordered components from a leading multinational Tractor Manufacturer in India after successful completion of inspection and trials at the customer end. The components include Case (Hyd. Cylinder), Bracket Top Link, Block (Hyd) and Tube Cylinder.
The total business value of the above said component will be around Rs 20 crore per annum in addition to current order book. At the same time, these orders have a long term visibility spanning to over next four to five years with volume of Rs 80 crore to 100 crore.
Pritika Auto Industries is engaged in the manufacturing of tractor and automobile components.
