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Prakash Industries rises on achieving highest sales volume in Q1FY2019

04 Jul 2018 Evaluate

Prakash Industries is currently trading at Rs. 145.70, up by 0.65 points or 0.45% from its previous closing of Rs. 145.05 on the BSE.

The scrip opened at Rs. 148.40 and has touched a high and low of Rs. 149.25 and Rs. 145.30 respectively. So far 24204 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 276.00 on 16-Jan-2018 and a 52 week low of Rs. 90.80 on 14-Aug-2017.

Last one week high and low of the scrip stood at Rs. 149.25 and Rs. 139.10 respectively. The current market cap of the company is Rs. 2275.60 crore.

The promoters holding in the company stood at 39.66%, while Institutions and Non-Institutions held 7.33% and 53.02% respectively.

Prakash Industries has achieved highest ever quarterly sales volume of around 2.40 lakh tonne in Q1 FY2019, registering growth of around 26% as against Q1 FY2018, owing to higher capacity utilization and operational efficiencies.

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.

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