Auto component maker Pricol shares up 8%, 155% in past 1 yr

New Delhi, Jan 13 (IANS) Shares of Pricol soared over 10 per cent on Thursday due to healthy business prospects for the company in the medium-term.During the entire session, the shares pared a portion of its intra-day gains and settled nearly 8 per cent high at Rs 129.The company is heavily investing in next-gen technologies to sustain growth besides continuing with its focus on reducing debt to become debt free over the next few quarters.Pricol commenced its operations in 1975 in Coimbatore is a manufacturer of automotive instruments.It provides products and solutions to two wheeler, three wheeler, four wheeler, commercial vehicle, tractors and off-road vehicles.Besides, rating agency ICRA reaffirming the company with a stable outlook also supported its stock.Historically, over the past one-year period, the company accumulated 155 per cent returns for its investors, data showed.
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