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Pricol at its board meeting held today (29th January 2026) has approved incorporation of wholly owned subsidiary (WOS) in India in the name of Pricol Autotech or such other name as may be approved by authorities, for the operational convenience.
The proposed WOS will engage in the business of manufacturing and/or distribution of electronic components catering to automotive as well as non-automotive applications.
India Ratings and Research stated that the upgrade reflects Pricol’s improving scale of business and the agency’s expectation of the same continuing over the medium term, supported by continued premiumisation of its products across segments while maintaining a strong credit profile.
The upgrade also reflects diversification of the product portfolio as the company expands its operations into injection moulded plastic components (business acquired from Sundaram Auto Components in January 2025) and the company’s ability to diversify into the electric vehicle (EV) segment; although, the same remains in line with industry-level penetration.
The ratings also reflect Pricol’s ability to continue to generate strong cash flows and maintain a robust liquidity position over the medium term.
India Ratings further said that a significant improvement in the consolidated scale of profitability while maintaining the credit metrics along with revenue diversification, all on a combined and sustained basis, could lead to a positive rating action.
However, a decline in the consolidated profitability margins, leading to the net adjusted leverage exceeding 1.5x on a sustained basis, could lead to a negative rating action.
Pricol manufactures more than 5,200 product variants such as instrument clusters/telematics, fuel pump modules, oil and water pumps, fuel level sensors, temperature and pressure sensors. The company’s manufacturing units are located in Gurugram (Haryana), Phulgaon (Pune), Pantnagar (Uttarakhand) and Sricity (Andhra Pradesh).
The scrip shed 0.84% to currently trade at Rs 621.50 on the BSE.
IT shares declined after witnessing gains in the past trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 294.82 points or 0.35% to 83,016.03. The Nifty 50 index fell 82.10 points or 0.32% to 25,428.45.
In the broader market, the S&P BSE Mid-Cap index shed 0.28%, while the S&P BSE Small-Cap index dropped 0.48%.
The market breadth was weak. On the BSE, 1,529 shares rose and 2,303 shares fell. A total of 183 shares were unchanged.
IPO Update:
Billionbrains Garage Ventures (Groww) received bids for 91,60,45,200 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 11:18 IST on Friday (7 November 2025). The issue was subscribed 2.51 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share.
Pine Labs received bids for 62,02,324 shares as against 9,78,93,739 shares on offer, according to stock exchange data at 11:18 IST on Friday (7 November 2025). The issue was subscribed 1.01 times. The issue opened for bidding on 7 November 2025 and it will close on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share.
Buzzing Index:
The Nifty IT index declined 0.96% to 34,997.10. The index advanced 0.18% in the past trading sessions.
Oracle Financial Services Software (down 1.84%), Persistent Systems (down 1.57%), Coforge (down 1.55%), HCL Technologies (down 1.4%) and Tech Mahindra (down 1.32%), LTIMindtree (down 1.23%), Wipro (down 1.21%), Tata Consultancy Services (down 1.16%), Mphasis (down 0.79%) and Infosys (down 0.51%) declined.
Stocks in Spotlight:
Pricol added 4.59% after its consolidated net profit jumped 41.97% to Rs 63.99 crore in Q2 FY26 as against Rs 45.07 crore posted in Q2 FY25. Revenue from operations increased 51.97% year on year (YoY) to Rs 987.93 crore in Q2 FY26.
Amara Raja Energy & Mobility declined 1.198%. The company’s standalone net profit jumped 25.6% to Rs 302.40 crore on an 8% increase in revenue from operations to Rs 3,388.18 crore in Q2 FY26 over Q2 FY25.
Hindustan Construction Company (HCC) tanked 2.53% after the company's consolidated net profit slumped 25.26% to Rs 47.78 crore in Q2 FY25 from Rs 63.93 crore in Q2 FY25. Revenue from operations rose 31.71% to Rs 960.74 crore in Q2 FY26, compared with Rs 1,406.91 crore in Q2 FY25.
Global Markets:
Asia market declined on Friday, mirroring Wall Street’s losses as renewed concerns over stretched valuations in artificial intelligence (AI) stocks weighed on sentiment.
Investors across the region are now awaiting China’s October trade data, expected later in the day. Media reports indicate that exports may have grown just 3% year-on-year, slowing sharply from 8.3% in September, while imports are forecast to fall 3.2% after rising 7.4% previously.
The slowdown reflects weak domestic demand, prolonged pressure from the property downturn, rising job insecurity, and the fading impact of earlier consumption stimulus.
On Wall Street, AI-linked stocks extended their recent declines, dragging major indices lower. The Dow Jones Industrial Average fell 398.70 points (0.84%) to 46,912.30, while the S&P 500 dropped 1.12% to 6,720.32.
The Nasdaq Composite tumbled 1.9% to 23,053.99, with the Nasdaq 100 down more than 2% for the week — its steepest decline since early April.
Adding to investor unease, October layoffs surged to 153,000, nearly triple September’s figure and 175% higher year-on-year, according to Challenger, Gray & Christmas.
The spike in job cuts, combined with the ongoing U.S. government shutdown, now over a month old, has further clouded the outlook for the U.S. economy.
L&T Finance Ltd, Pricol Ltd, Aarti Industries Ltd and Sanghvi Movers Ltd are among the other gainers in the BSE's 'A' group today, 07 November 2025.
Swan Corp Ltd spiked 8.86% to Rs 473.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.89 lakh shares were traded on the counter so far as against the average daily volumes of 65745 shares in the past one month.
L&T Finance Ltd soared 7.10% to Rs 294.8. The stock was the second biggest gainer in 'A' group. On the BSE, 19.05 lakh shares were traded on the counter so far as against the average daily volumes of 3.22 lakh shares in the past one month.
Pricol Ltd surged 5.39% to Rs 545.5. The stock was the third biggest gainer in 'A' group. On the BSE, 3.2 lakh shares were traded on the counter so far as against the average daily volumes of 11915 shares in the past one month.
Aarti Industries Ltd rose 4.90% to Rs 409.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14.94 lakh shares were traded on the counter so far as against the average daily volumes of 34043 shares in the past one month.
Sanghvi Movers Ltd gained 4.82% to Rs 388.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 59230 shares were traded on the counter so far as against the average daily volumes of 19539 shares in the past one month.
Revenue from operations increased 51.97% year on year (YoY) to Rs 987.93 crore in Q2 FY26.
Profit before tax was at Rs 84.55 crore in the second quarter of FY26, up 40.91% as against Rs 60 crore posted in Q2 FY25.
During the quarter, EBITDA jumped 41.59% YoY to Rs 123.35 crore while EBITDA margin stood at 12.49%.
Vikram Mohan, MD, said: 'Our performance this quarter reflects our continued focus on operational excellence and strategic execution. The evolving market dynamics present both opportunities and challenges, and we are well positioned to navigate this landscape through our diversified approach and technological capabilities. Our dedicated team continues to work closely with all stakeholders to meet the evolving needs of market for value creation”
The company declared an interim dividend of Rs 2 per share (200%) for the financial year 2025-26. The dividend will be paid to members and beneficial owners whose names appear in the register of members or the register of beneficial owners maintained by the depositories as of the record date, 14th November 2025.
Pricol is one of India's leading automotive technology and precision engineered Products and solutions Company, headquartered in Coimbatore, India. Commencing operations in the year 1975 and being committed to attain leadership and excellence, the Company has evolved into a reputed brand in the global automotive industry.
Metal, PSU Bank and auto shares advanced while consumer durables, IT and FMCG shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 94.73 points or 0.11% to 83,216.28. The Nifty 50 index fell 17.40 points or 0.07% to 25,492.30. In the past three trading session Sensex and Nifty declined 0.91% and 1.05%, respectively.
In the broader market, the S&P BSE Mid-Cap index advanced 0.25% and the S&P BSE Small-Cap index shed 0.01%.
The market breadth was negative. On the BSE, 1,619 shares rose and 2,540 shares fell. A total of 177 shares were unchanged.
New Listing :
Shares of Studds Accessories ended at Rs 560.45 on the BSE, representing a discount of 4.20% as compared with the issue price of Rs 570.
The stock was listed at Rs 585, exhibiting a premium of 2.63% to the issue price.
The stock has hit a high of 585 and a low of 555.80. On the BSE, over 6.69 lakh shares of the company were traded in the counter.
Billionbrains Garage Ventures (Groww) received bids for 5,43,61,50,600 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 15:21 IST on Friday (7 November 2025). The issue was subscribed 14.90 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share.
Pine Labs received bids for 1,09,84,784 shares as against 9,78,93,739 shares on offer, according to stock exchange data at 15:21 IST on Friday (7 November 2025). The issue was subscribed 0.11 times. The issue opened for bidding on 7 November 2025 and it will close on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share.
The Nifty Metal index advanced 1.48% to 10,433.95. The index declined in the past two consecutive trading sessions.
Hindustan Copper (up 3.16%), Adani Enterprises (up 2.42%), Tata Steel (up 2.4%), Jindal Steel (up 2.27%), Steel Authority of India (up 2.13%), Vedanta (up 2.03%), National Aluminium Company (up 1.95%), NMDC (up 1.63%), Hindustan Zinc (up 1.58%) and Welspun Corp (up 1.16%) advanced.
Bharat Heavy Electricals (BHEL) added 1.75% after the company announced that it has received an order worth over Rs 6,650 crore from NTPC for the execution of an EPC package at the Darlipali Supercritical Thermal Power Project Stage-II in Sundargarh district, Odisha.
Pricol surged 9.39% after its consolidated net profit jumped 41.97% to Rs 63.99 crore in Q2 FY26 as against Rs 45.07 crore posted in Q2 FY25. Revenue from operations increased 51.97% year on year (YoY) to Rs 987.93 crore in Q2 FY26.
Cummins India shed 0.70%. The company reported a 41.51% surge in standalone net profit to Rs 637.69 crore in Q2 FY26, compared to Rs 450.61 crore posted in Q2 FY25. Revenue from operations jumped 27.49% to Rs 3,121.58 crore in the quarter ended 30 September 2025.
NHPC declined 1.58%. The company reported consolidated net profit of Rs 1,021.44 crore in Q2 FY26, up 13.48% as against Rs 900.03 crore in Q2 FY25. Revenue from operations jumped 10.26% year on year (YoY) to Rs 3,365.26 crore in the quarter ended 30 September 2025.
Genus Power Infrastructure shed 0.83%. The company’s standalone net profit surged 162.44% to Rs 148.15 crore, while revenue from operations climbed 135.99% to Rs 1,149 crore in Q2 FY26 over Q2 FY25.
DAM Capital Advisors rallied 2.75% after the company’s consolidated net profit surged 140.66% to Rs 52.15 crore on a 69.06% increase in total income to Rs 107.05 crore in Q2 FY26 over Q2 FY25.
Hindustan Construction Company (HCC) tanked 1.97% after the company's consolidated net profit slumped 25.26% to Rs 47.78 crore in Q2 FY25 from Rs 63.93 crore in Q2 FY25. Revenue from operations rose 31.71% to Rs 960.74 crore in Q2 FY26, compared with Rs 1,406.91 crore in Q2 FY25.
European stocks declined as investors awaited a slew of economic data, including, germany’s import and export data and French trade figures. The U.K.’s House Price Index is also scheduled for release later today.
Asian markets ended lower on Friday, reflecting Wall Street’s losses as renewed concerns over stretched valuations in artificial intelligence (AI) stocks weighed on investor sentiment.
China’s exports fell 1.1% year-on-year in U.S. dollar terms in October, reversing sharply from an 8.3% surge in September, official data showed on Friday. Imports rose 1% YoY, easing from 7.4% growth in the previous month.