Pricol soars 13%, hits all-time high on healthy business prospects

Rating agency ICRA said that its reaffirmation in ratings takes into account Pricol's strong revenue and margin growth in FY2021 and H1 FY2022.

Shares of Pricol moved higher by 13 per cent to hit an all-time high of Rs 135.30 on the BSE in Thursday’s intra-day trade after rating agency ICRA reaffirmed ratings of instruments of the company with a stable outlook. The stock of the auto parts & components company surpassed its previous high of Rs 131.35 touched on December 31, 2021.

While announcing July-September quarter (Q2FY22) results on November 8, 2021, the management of Pricol said the company’s primary focus during these times has been to create a strong order book, higher operational efficiency and increase free cash flow.