Axis Direct initiates coverage on Pricol with Buy rating. Check target price
7 September 2026 Updated 7 September 2026Source: Economic Times 1 min read
Quick Summary
Axis Direct has initiated coverage on Pricol, assigning a Buy rating and a target price of Rs 935, which implies roughly a 21% upside. The broker expects the company to post strong growth through FY29, driven by demand for digital instrument clusters, plastics, EV content and global auto orders.
Key Takeaways
- Axis Direct started coverage on Pricol with a Buy rating.
- Target price set at Rs 935, suggesting about 21% upside.
- Brokerage projects strong growth through FY29 from digital instrument clusters, plastics, EV content and global auto orders.
- A proposed demerger is seen as a way to unlock additional shareholder value.
Why It Matters
Coverage by a major brokerage can increase a stock’s visibility and the target price gives retail investors a reference point for potential upside, while the expected growth catalysts and demerger plan could influence future valuation.
Summary, takeaways and analysis above are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.
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