After surging 18 per cent and trading at a new all-time high on Thursday, this stock could be the focus of today's session!
This auto ancillary stock, has outperformed the sectoral index, delivering more than 11 per cent returns in just one month and surging almost 94 per cent in just one year!
On Thursday, the Indian domestic indices opened the day higher, thanks to significant gains in the metals, utilities, power, and healthcare stocks. BSE Sensex climbed more than 500 points in the early trades while Nifty 50 crossed the critical 17,000 level. However, as a result of conflicting investor sentiments, both indices reversed their initial gains and ended in the red.
The benchmark index BSE Sensex and sectoral index BSE Auto both plunged more than 4 per cent over the past month. On the other hand, Pricol Ltd, the auto ancillary stock, has outperformed the sectoral index, delivering more than 11 per cent returns in just one month and surging almost 94 per cent in just one year!
In an otherwise weak market, the shares of Pricol Ltd climbed over 18 per cent on an intraday basis on Thursday, reaching an all-time high of Rs 195.50 per share on BSE. Investors were drawn to this stock due to the strong price-volume breakout.
Pricol Ltd manufactures, as well as sells, instrument clusters and automotive parts to OEMs & replacement markets. The company has a market valuation of Rs 2,346 crore and decades of industry expertise.
Keep a close eye on this scrip for the upcoming sessions!