
Pritika Auto’s stock rose 4% following the announcement of the commencement of commercial production for new components, including the Case (Hydraulic Cylinder), Bracket Top Link, Block (Hydraulic), and Tube Cylinder. After successful trials and inspections, these components are set to generate a significant business opportunity.
Key Highlights:
- Business Value: New orders are expected to contribute Rs. 20 crore annually, with long-term revenue potential of Rs. 80-100 crore over the next 4-5 years.
- Clients: Components are being produced for a prominent multinational tractor manufacturer in India.
- Expansion Plans: The company issued right shares worth Rs. 49.90 crore to fund its expansion and aims to reduce debt in the coming months.
Pritika Auto shares opened at Rs 23.95, reaching a high of Rs 25.19 and a low of Rs 23.95 on the latest trading day. The stock has a 52-week high of Rs 53.50 and a 52-week low of Rs 21.99.
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