Pritika Auto Industries Ltd registers highest ever monthly Dispatch in July 2024

Pritika Auto Industries Limited (BSE: 539359; NSE: PRITIKAUTO), among leading manufacturers of tractor components in India, announced that Pritika Group has achieved its highest ever monthly dispatch, reaching an impressive 3,550 tons in July 2024. This milestone underscores the Company's commitment to excellence and its robust operational capabilities.

Pritika Auto Industries has been consistently striving to enhance its production and distribution processes. This achievement not only reflects the hard work and dedication of the entire team but also highlights the Company's strategic planning and execution.

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 thrilled to reach this significant milestone in our Company's history. This record dispatch is a testament to the relentless efforts of our workforce, the trust of our customers, and our continuous drive for innovation and efficiency. We are committed to maintaining this momentum and setting new benchmarks in the industry.

This record dispatch comes at a time when Pritika Auto Industries is expanding its footprint and enhancing its product portfolio to meet the evolving demands of the automotive sector. The Company continues to invest in state-of-the-art technology and process improvements to enhance its product portfolio and deliver high-quality products and services to its customers.

As the Company moves forward, we remain dedicated to our core values of quality, innovation, and customer satisfaction. We look forward to achieving many more milestones and contributing significantly to the automotive industry."

Shares of Pritika Auto Industries Ltd was last trading in BSE at Rs. 29.78 as compared to the previous close of Rs. 28.37. The total number of shares traded during the day was 171244 in over 618 trades.

The stock hit an intraday high of Rs. 29.78 and intraday low of 28.37. The net turnover during the day was Rs. 5079919.00.

Source : Equity Bulls

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PritikaAutoIndustries INE583R01029 HighestEver MonthlyDispatch July2024