Pricol shares rose 1.4% to Rs 775.60 on the National Stock Exchange (NSE) on Monday after Axis Direct initiated coverage on the auto-components manufacturer with a ‘Buy’ rating and set a target price of Rs 935.
The target price implies an upside of around 21% from the current market price, while the brokerage had estimated a 22% upside based on its reference price of Rs 765.