Axis Direct initiates coverage on Pricol with Buy rating. Check target price

Pricol shares gained after Axis Direct initiated coverage with a Buy rating and a Rs 935 target price, implying around 21% upside. The brokerage expects strong growth through FY29, driven by rising demand for digital instrument clusters, plastics expansion, EV content and global auto orders, while the proposed demerger could unlock additional shareholder value.