Prakash Industries is currently trading at Rs. 127.35, up by 16.35 points or 14.73% from its previous closing of Rs. 111.00 on the BSE.
The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 130.35 and Rs. 111.75 respectively. So far 1762309 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. 42.05 on 05-Dec-2016.
Last one week high and low of the scrip stood at Rs. 130.35 and Rs. 103.55 respectively. The current market cap of the company is Rs. 1946.00 crore.
The promoters holding in the company stood at 41.97%, while Institutions and Non-Institutions held 7.51% and 50.51% respectively.
Prakash Industries has received an approval for raising of funds up to Rs 500 crore in one or more tranches by issue of equity shares through Qualified Institutional Placement (QIP) to eligible investors in such manner and on such terms and conditions as may be permitted under the applicable laws. The board of directors at its meeting held on August 24, 2017 has approved for the same.
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.
