India's Pricol jumps after SBI Securities initiates with 'buy'

Pricol

19/11/2025 08:34

** Shares of Pricol PRCO.NS rise 5.06% to a record high of 663.80 rupees

** SBI Securities initiates coverage with "Buy" rating, PT at 816 rupees

** Research firm expects automotive tech co's revenue to grow at a compound annual rate of 31% from FY25 to FY27

** Says the launch of new products such as disc brakes, e-cockpit, battery management system, in partnership with leading global technology developers will help the company expand its wallet share with existing customers, increasing the total content per vehicle as well as acquiring new customers

** More than 2.37 million shares change hands vs 30-day avg of 1.07 million shares

**YTD stock up 22.18%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))