Auto sector stock under Rs 100 jumps after finalising Rs 70 crore order from a Leading Material Handling Equipment Manufacturer
DSIJ Intelligence-1 / 22 Aug 2025/ Categories: Penny Stocks, Trending
The stock is up over 50 per cent from its 52-week low of Rs 61.98 per share.
Pritika Engineering Components Limited has finalised a significant Rs 70 crore order from a leading Indian material handling equipment manufacturer. The contract, which has a five-year term, is for the supply of large components, with a value of approximately Rs 14 crore per annum. The company will supply about 125 tons per month of new large components, each weighing 500 kilograms. This order will be produced and executed through Pritika's subsidiary, Meeta Castings Limited, and is a strong validation of the company's capability in manufacturing robust, heavyweight products.
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Pritika Engineering Components Limited (PECL), a subsidiary of Pritika Auto Industries Ltd., is a leading manufacturer of precision-machined components for the tractor and automotive industries. Established in 1974, the company has evolved into a hub for product design, engineering, and material technology. PECL maintains a pan-India presence with a strong client base of major Original Equipment Manufacturers (OEMs), including Escorts Kubota, Mahindra & Mahindra, Ashok Leyland and Swaraj Engines.
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On Friday, shares of Pritika Engineering Components Ltd jumped 6.7 per cent to Rs 95 per share from its previous closing of Rs 88.95 per share. The stock has a 52-week high of Rs 105 per share and a 52-week low of Rs 61.98 per share. The company has a market cap of Rs 240 crore. The stock is up over 50 per cent from its 52-week low of Rs 61.98 per share.
Disclaimer: The article is for informational purposes only and not investment advice.