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Prakash Steelage advances on receiving approval for its products from renowned customers

Prakash Steelage Ltd. | Steel & Iron Products | Metals & Mining | BSE: 533239 | NSE: PRAKASHSTL

06 May 2016 Evaluate

Prakash Steelage is currently trading at Rs. 5.87, up by 0.10 points or 1.73% from its previous closing of Rs. 5.77 on the BSE.

The scrip opened at Rs. 5.99 and has touched a high and low of Rs. 6.10 and Rs. 5.61 respectively. So far 97,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.88 on 31-Dec-2015 and a 52 week low of Rs. 4.91 on 05-May-2016.

Last one week high and low of the scrip stood at Rs. 7.90 and Rs. 4.91 respectively. The current market cap of the company is Rs. 102.73 crore.

The promoters holding in the company stood at 67.01% while Institutions and Non-Institutions held 7.31% and 25.68% respectively.

Prakash Steelage has received the approvals for its products from renowned customers. The company has received approval from Petrobras, Brazil which will help it in penetrating the Brazil market and improve the company’s market share of welded pipes in South America.

The company has received approval from Ferguson Industries, North America for welded pipes. This will help the company in increasing the volume in USA market and penetrate the American Plumbing Industry.

Prakash Steelage, a company of the Prakash Group, was started in the year 1996 to manufacture Stainless Steel Welded and Seamless Pipes, Tubes & U-tubes under one roof in India, through its Silvassa Division,PSL is one of the leader in Indian Stainless Steel Pipe and Tube industry.

Prakash Steelage Share Price

4.77 -0.06 (-1.24%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	210.95
JSW Steel	1257.25
SAIL	176.45
Jindal Stainless	775.60
APL Apollo Tubes	2022.35
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Prakash Steelage advances on receiving approval for its products from renowned customers

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