Buy Pricol, target price Rs 132: Yes Securities

Yes Securities has buy call on Pricol with a target price of Rs 132. The current market price of Pricol Ltd. is Rs 117.1.
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 1429.67 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
After losing ~28% from the Jan month’s high, the stock has regained momentum on the upside. Sustenance above important averages is likely to keep near term structure positive.

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.