Pricol Ltd had earlier announced regarding the signing of a Letter of Intent to form a Joint Venture for Telematics Solutions in India and South East Asia between Pointer Telocation and Pricol, we would like to inform you that in this intervening period Pointer Telocation was acquired by I.D Systems, USA and subsequently the business terms as proposed by them for the said Joint Venture were not favourable to Pricol. Hence, this proposed Joint Venture was called off.
Shares of Pricol Ltd was last trading in BSE at Rs.59.8 as compared to the previous close of Rs. 61.85. The total number of shares traded during the day was 40558 in over 718 trades.
The stock hit an intraday high of Rs. 62 and intraday low of 59.35. The net turnover during the day was Rs. 2457199.