125% Growth in 6 Months! Micro-cap Auto Components Stock Promoters increased their Stake by 20 Percent; Stock in Circuits

The promoters of this auto component manufacturing company Pritika Auto Industries Limited have increased their stake in the last quarter. After the news came, investors also started buying heavily into it. While yesterday it had gained more than 7%, this morning it opened with a gain of 10%.

The promoters seem very positive about their company and are continuously increasing their stake. Promoters have increased their stake by 20.52% over the last two years, including 19.84% in the last quarter alone.

125 Percent Growth in the Last 6 Months

Six months ago its share price was ₹16.82. Today it hit the upper circuit of 9.90% and opened at ₹37.75 per share. There has been a jump of 124.67% in the last six months and for investors who had invested Rs 10,000 in this stock six months ago, today the value of those shares has increased to Rs 22,467.

105 Percent Growth in 2023

Pritika Auto Industries Ltd’s share price in January 2023 was ₹15.85 and it closed at ₹32.41 on the last trading day of the year with a gain of 104.48 percent.

Compound Performance Since Listing

• This stock has gained 122% in a year.
• The company’s stock CAGR growth in the last 3 years was 28.98%.
• If someone had invested ₹10,000 in it on the day of listing, then today the value of those shares would have been ₹144,237.
• It is giving returns to its investors at 40.73% CAGR since listing.

Year-wise Performance Since Listing

It doubled investors’ money in a single year in 2023 and tripled in 2016 and 2017. The biggest decline in the stock annually was in 2019, when it fell by 56.92 percent.

About the Company

Pritika Auto Industries Ltd is presently involved in the manufacturing and sales of tractors, as well as other automotive parts, components, and engineering goods.

Disclaimer: This article is for informational purposes only and should not be considered investment advice.