Pricol shines on inking LoI to shape JV with Pointer Telocation

Pricol shines on inking LoI to shape JV with Pointer Telocation

by admin- Thursday, December 13th, 2018 04:06:06 PM

Pricol is presently buying and selling at Rs. 57.30, up by way of eight.15 factors or sixteen.58% from its previous closing of Rs. 49.15 at the BSE.

The scrip opened at Rs. Fifty four.70 and has touched a excessive and coffee of Rs. Fifty eight.65 and Rs. 53.05 respectively. So a long way 7011 shares were traded on the counter.

The BSE group ‘B’ stock of face fee Rs. 1 has touched a 52 week high of Rs. 137.65 on 03-Jan-2018 and a 52 week low of Rs. 44.70 on 11-Oct-2018.

Last one week high and coffee of the scrip stood at Rs. Fifty eight.Sixty five and Rs. Forty seven.00 respectively. The modern-day marketplace cap of the organization is Rs. 465.Ninety three crore.

The promoters retaining within the business enterprise stood at 37.18%, whilst Institutions and Non-Institutions held 4.Forty% and fifty eight.Forty two% respectively.

Pricol and Pointer Telocation have signed a Letter of Intent (LoI) to shape a Joint Venture (JV) for Telematics Solutions in India and South East Asia. Both the companies will offer superior telematics and IoT answers in India and other countries in South East Asia. This Joint Venture will similarly permit Pointer and Pricol to be the leaders in the Indian telematics market.

Through the joint assignment, Pointer and Pricol will provide variety oftelematics solutions to the clients for each the OEM and the aftermarket segments. Pricol will deliver its strong production skills as well as sturdy sales and distribution network in OEM and aftermarket section.

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