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Prakash Industries trades jubilantly after BNP Paribas Arbitrage buys 9.90 lakh shares

16 Aug 2017 Evaluate

Prakash Industries is currently trading at Rs. 116.25, up by 12.55 points or 12.10% from its previous closing of Rs. 103.70 on the BSE.

The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 117.70 and Rs. 106.50 respectively. So far 725998 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.60 on 31-Jul-2017 and a 52 week low of Rs. 40.95 on 19-Aug-2016.

Last one week high and low of the scrip stood at Rs. 117.70 and Rs. 90.80 respectively. The current market cap of the company is Rs. 1747.74 crore.

The promoters holding in the company stood at 41.97%, while institutions and non-institutions held 7.51% and 50.51% respectively.

BNP Paribas Arbitrage has bought 9.90 lakh shares of Prakash Industries. The company has purchased these shares at Rs 107.05 on the NSE on August 14, 2017.

Earlier, BNP Paribas Arbitrage bought 17.07 lakh shares of Prakash Industries at Rs 93.10 on the NSE on June 20, 2017.

Prakash Industries is an integrated steel and power company. Its products include coal mines, iron ore mines, sponge iron, power, steel melting shop and ferro alloys.

Peers
Company Name CMP
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