Buy Pricol, target price Rs 123: Yes Securities

Yes Securities has buy call on Pricol with a target price of Rs 123. The current market price of Pricol is Rs 112.45.
Time period given by analyst is Intra Day when Pricol Ltd. price can reach defined target.

Pricol Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1366.90 Crore) operating in Auto Ancillaries sector.


Pricol Ltd. key Products/Revenue Segments include Dash Board Instruments, Oil Pump, Switches, Other Services, Traded Goods, Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 408.30 Crore, down -.29 % from last quarter Total Income of Rs 409.50 Crore and down -11.75 % from last year same quarter Total Income of Rs 462.65 Crore. Company reported net profit after tax of Rs 17.35 Crore in latest quarter.


Investment Rationale
Post losing 28% from the prior month’s high, the stock has re-gained positive traction. Positive follow-up action is likely to lift the stock till Rs 125 zone.

Promoter/FII Holdings
Promoters held 36.53 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.04 per cent, DIIs 0.0 per cent.