Pritika Auto Share Price Target Tomorrow 2024 To 2030- Market Overview, Financials

Pritika Auto Industries Ltd is an Indian company that manufactures a variety of auto components. They specialize in producing high-quality parts for the automotive industry, including chassis, suspension systems, and other critical components. Pritika Auto Share Price on NSE as of 21 December 2024 is 24.50 INR. Here will provide you more details on Pritika Auto Share Price Target 2024, 2025, 2026 to 2030.

Pritika Auto Industries Ltd: Market Overview

• Open: ₹24.99
• High: ₹25.50
• Low: ₹24.40
• Previous Close: ₹24.94
• Volume: 487,007
• Value (Lacs): ₹120.19
• VWAP: ₹24.97
• P/E ratio: 22.93
• UC Limit: ₹29.92
• LC Limit: ₹19.95
• 52 Week High: ₹53.50
• 52 Week Low: ₹22.89
• Mkt Cap (Rs. Cr.): ₹410
• Face Value: ₹2

Pritika Auto Industries Ltd Competitors

Here are five peer companies in the Indian auto components industry, along with their market capitalizations:

1. Samvardhana Motherson International Ltd: A leading auto parts manufacturer with a market capitalization of around ₹1,00,000 crore.
2. Bosch Limited: A global supplier of technology and services, including automotive components, with a market capitalization of approximately ₹50,000 crore.
3. Schaeffler India Ltd: Specializes in automotive and industrial components, with a market capitalization of about ₹20,000 crore.
4. Sona BLW Precision Forgings Ltd: Focuses on precision forged components for the automotive industry, with a market capitalization of around ₹15,000 crore.

5. Exide Industries Ltd: Primarily known for lead-acid storage batteries, also supplies automotive batteries, with a market capitalization of approximately ₹10,000 crore.

Pritika Auto Share Price Chart

Pritika Auto Share Price Target Tomorrow 2024 To 2030

Pritika Auto Share Price Target 2024

Pritika Auto share price target 2024 Expected target could be ₹55. Here are four key factors affecting the growth of “Pritika Auto Industries Ltd” and its share price target for 2024:

1. Demand for Auto Components: The demand for automotive parts plays a crucial role in Pritika Auto’s growth. An increase in vehicle production, particularly in electric vehicles (EVs), can boost the company’s revenue from auto components, positively impacting its share price.
2. Technological Advancements: The company’s ability to innovate and adapt to new technologies in the automotive industry, including lightweight materials and electric vehicle components, will be essential for maintaining a competitive edge and driving growth.
3. Raw Material Prices: The prices of key raw materials, such as steel and aluminum, directly impact production costs. Fluctuations in these prices can affect profit margins, influencing investor sentiment and stock performance.

4. Strategic Partnerships & Expansion: Collaborations with leading automotive manufacturers and expansion into new markets, especially international ones, can help Pritika Auto grow its customer base and increase revenue. Positive developments in this area can boost investor confidence and share price.

Pritika Auto Share Price Target 2025

Pritika Auto share price target 2025 Expected target could be ₹65. Here are four key factors affecting the growth of “Pritika Auto Industries Ltd” and its share price target for 2025:

1. Electrification of Vehicles: The global shift towards electric vehicles (EVs) presents both opportunities and challenges for Pritika Auto. The company’s ability to adapt its manufacturing capabilities to supply components for EVs will be crucial for long-term growth and share price appreciation.
2. Supply Chain Efficiency: Pritika Auto’s ability to streamline its supply chain, reduce lead times, and maintain cost-effectiveness will significantly impact its profitability. Efficient operations help in maximizing margins, which can boost its stock value.
3. Market Expansion: Expanding into new geographical regions and securing contracts with major global automakers will fuel Pritika Auto’s growth. Penetrating emerging markets could provide a significant revenue boost, positively influencing its share price.

4. Government Policies & Incentives: Government regulations, especially those aimed at promoting green technologies, such as EV incentives and emission regulations, will play a significant role. Pritika Auto’s ability to align with such policies and leverage incentives will contribute to its growth prospects and share price performance.

Pritika Auto Share Price Target 2030

Pritika Auto share price target 2030 Expected target could be ₹115. Here are four risks and challenges that could impact “Pritika Auto Industries Ltd” and its share price target for 2030:

1. Volatility in Raw Material Prices: The fluctuating costs of raw materials, such as steel and aluminum, can significantly affect production costs. An increase in material prices without corresponding price increases for their products may reduce margins and negatively impact profitability.
2. Intense Competition: The auto parts industry is highly competitive, with numerous established players and new entrants constantly innovating. Pritika Auto needs to differentiate itself through innovation, quality, and cost management to maintain its market share and prevent price wars that can erode profits.
3. Technological Disruption: As the automotive industry rapidly evolves with new technologies like electric vehicles (EVs) and autonomous driving, Pritika Auto must invest in R&D to stay ahead of trends. Failure to adapt to these technological shifts could result in losing market relevance and hinder growth.

4. Economic and Regulatory Uncertainty: Economic downturns, fluctuating consumer demand, and changes in government regulations could impact sales. Moreover, stricter environmental regulations and trade policies may impose additional costs or limit market access, potentially affecting long-term growth prospects.

Pritika Auto Industries Ltd Shareholding Pattern

• Promoters: 59.86%
• Retail and Others: 32.88%
• FII: 7.27%

Pritika Auto Industries Ltd Financials

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