One could consider Pricol at this point of time, CEO KR Choksey Shares & Securities told to CNBC

COIMBATORE, India - Sept. 16, 2014 - PRLog -- Deven Choksey, MD at KR Choksey Shares and Securities told CNBC-TV18, "Given the possibility of having better domestic market for commercial vehicles in the second half most of these companies are experiencing good amount of order intake as far as the supply is concerned to some of the auto majors. So, from that perspective we are likely to see major growth coming into auto ancillary companies.”

He further added, “The selection of the companies would certainly matter at this point of time. If one wants to pick and choose, some of the smaller companies where the opportunities are still there. I would consider a company like Pricol. The company is well set for higher amount of growth with the expanded capacities and at the same time have got values already built into from the perspective of higher amount of infrastructure already built by them. So, to a greater extent we could see the benefit of this capacity that they have in coming times with the volume increasing. So, one could consider Pricol at this point of time; add into to the portfolio.”

About Pricol Technologies

Pricol Group, predominantly an auto component manufacturer has been in business since 1975. The Group is vertically integrated with the requisite infrastructure to support the entire value chain of product engineering and manufacturing.

Pricol Technologies, the Group’s engineering services arm, offers product engineering services and design to manufacturing services, to customers in the transportation (automotive, rail and aerospace), consumer goods, industrial products and health care industries. With its headquarters in Coimbatore, it has engineering development centers and associated engineering infrastructure in both Coimbatore and Pune.

Pricol Technologies has operations and customers in North America, Europe, Asia and Africa.

Its Product Engineering Services includes engineering design, virtual validation, electronics hardware, software development, test automation and application development. It serves its customers by leveraging its ‘integrated engineering ecosystem’ that comprises engineering capability and infrastructure required to develop and manufacture products.