Stock market news: Pritika Auto Industries shares rise more than 7 percent in a volatile market

The counter opened at Rs 34.89 and subsequently touched an intraday high of Rs 37. This is an increase of around 7.93 percent over the previous closing price of Rs 34.28. It is also close to the upper circuit of Rs 37.70.

Stock market news: Shares of Pritika Auto Industries Limited (PAIL) rose over 5 percent on Monday i.e. January 8 as the benchmark stock indices started trading on a positive note. However, Sensex and Nifty later gave up all early gains to trade lower amid weak trends in Asian markets. Despite this, shares continued their upward trend and remained firmly in the green. When last seen, the counter stood at Rs 35.75.

The counter opened at Rs 34.89 and subsequently touched an intraday high of Rs 37. This is an increase of around 7.93 percent over the previous closing price of Rs 34.28. It is also close to the upper circuit of Rs 37.70.

The stock of the company, which has a market capitalization of Rs 327.19, has outperformed the industry by 4.7 percent. The stock has risen in value over the past two days and is up 8.89 percent in that period.

On technical parameters, Pritika Auto stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Earlier, the 30-share BSE Sensex climbed 155.62 points to 72,181.77 in early trade. The Nifty rose 53.15 points to 21,763.95.

However, both indices failed to continue the positive momentum and later traded lower. The Sensex was trading 177.54 points lower at 71,821.10, while the Nifty fell 53.25 points to trade at 21,653.85. On the Asian markets, Seoul, Shanghai and Hong Kong traded lower. The American stock markets closed marginally higher on Friday.

Disclaimer: The article is for information purposes only and not for investment advice.