Buy Pricol; target of Rs 130: Dynamic Levels

Dynamic Levels research report onPricolPricol Limited is an automotive components and precision engineered products manufacturer headquartered in Coimbatore, India. It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and Off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management solutions. Pricol Limited has three manufacturing plants in Coimbatore, one in Manesar, one in Pune and one in Rudrapur, Apart from India the company has each manufacturing unit in Jakarta, Indonesia and Sao Paulo, Brazil and business offices in Tokyo, Singapore, Cologne - Germany and Detroit – USA.

We recommend BUY in Pricol Ltd @110 with the target of 130 because Pricol plans to become one of the leading automotive solutions provider in the world by establishing two greenfield projects and making overseas acquisitions for which it will set apart Rs.500 crore.