Pricol stock skyrockets over 900 Percent in under four years; future prospects?

Pricol stock skyrockets over 900 Percent in under four years; future prospects? Image/Pixabay
Pricol stock skyrockets over 900 Percent in under four years; future prospects? Image/Pixabay
Pricol stock skyrockets over 900 Percent in under four years; future prospects? Image/Pixabay
Pricol stock skyrockets over 900 Percent in under four years; future prospects? Image/Pixabay

Pricol stock skyrockets over 900 Percent in under four years; future prospects?

Pricol stock skyrockets over 900 Percent in under four years; future prospects?

Pricol stock skyrockets over 900 Percent in under four years; future prospects?

Pricol has shown remarkable growth in its shares over the past four years, with a staggering gain of 946% since June 2020. However, the recent sell-off in mid and small-cap stocks has affected Pricol, leading to a 12.23% loss in March. The company’s shares embarked on a one-way rally in June 2020, starting at ₹33.80 apiece, and have steadily surged without notable pullbacks to attain the current trading price of ₹353.70 apiece.

Business Overview

Pricol is a leading manufacturer of automotive components, specializing in various vehicle segments, including 2-wheelers, 3-wheelers, and commercial vehicles. The company operates under two segments: driver information and connected vehicle solutions, and action control and fluid management systems. Its clientele includes prominent names such as HDFC, Bandhan Bank, and BSE, among others.

Anticipated Growth Opportunities

Monarch Networth Capital foresees Pricol outpacing industry growth rates, driven by factors such as premiumization trends and favorable export prospects. The company’s joint venture with Sibros is expected to strengthen its position in driver information systems and telematics, enhancing its software presence. Despite favorable industry trends, Pricol’s shares are trading at a discount compared to its peers. Monarch Networth Capital sets a target price of ₹465 apiece, indicating a 32% upside potential, and initiates coverage with a ‘Buy’ rating.

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