Pritika Auto Industries Limited reports highest ever monthly sales volume in January 2021

Pritika Auto Industries Limited (BSE: 539359), a pioneer and among leading players in manufacturing world class auto components in India, announced that the Company has reported its highest ever monthly sales volume.

The Company clocked 3,200 tons of sales volume in January 2021, its highest ever in a month. This translates into a 100% growth over January 2020, when sales volume was 1,601 tons. This was triggered by a strong market recovery and high demand from several OEMs across India. A healthy agricultural sector supported increased demand for tractors. Pritika Auto benefited from its highly valued recognition in the market, and long-standing relationships with OEMS, who rely upon the company to deliver on time even during high demand periods.
Commenting on the market outlook, Mr. Harpreet S. Nibber, Managing Director, Pritika Auto Industries Limited said:

"We are very glad to announce that the Company has registered 3,200 tons of sales volume in January 2021. This is our highest ever volume in a month, and is double the sales volume we had in January 2020.

Such growth has been on account of a strong recovery from the muted markets during 2020, a healthy agriculturalsector (due to good monsoons) and an optimistic industry outlook, spurring demand. Pritika Auto has become synonymous with reliability and on-time delivery of quality products, due to which almost all leading OEMS across India depend on us even during high demand seasons.

We continually strive to build further on our reputation of being quality manufacturers as well as efficient and agile executors of new and incremental demand. I thank the entire team of 'Pritika ' for their untiring efforts, hard work, sincerity and dedication in making this happen."

Shares of Pritika Auto Industries Ltd was last trading in BSE at Rs.89.45 as compared to the previous close of Rs. 86.5. The total number of shares traded during the day was 17797 in over 94 trades.

The stock hit an intraday high of Rs. 100 and intraday low of 87.95. The net turnover during the day was Rs. 1592630.

Source : Equity Bulls

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