Buy Pricol, target price Rs 131: Yes Securities

Yes Securities has buy call on Pricol with a target price of Rs 131. The current market price of Pricol Ltd. is Rs 120.05.
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 1466.23 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 30-09-2021, the company reported a Consolidated Total Income of Rs 409.50 Crore, up 28.00 % from last quarter Total Income of Rs 319.92 Crore and up 4.72 % from last year same quarter Total Income of Rs 391.04 Crore. Company reported net profit after tax of Rs 14.67 Crore in latest quarter.

Investment Rationale
The series of ascending tops and bottoms remain intact. Sustenance above levels of Rs 116 is likely to keep the near-term outlook positive.

Promoter/FII Holdings
Promoters held 36.53 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.51 per cent, DIIs 0.0 per cent.