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Prakash Pipes surges on launching CPVC pipes & fittings for hot water application

Prakash Pipes Ltd. | Plastic Products | Chemicals & Fertilizers | BSE: 542684 | NSE: PPL

31 Dec 2020 Evaluate

Prakash Pipes is currently trading at Rs. 100.65, up by 3.20 points or 3.28% from its previous closing of Rs. 97.45 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 102.00 and Rs. 98.25 respectively. So far 10483 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.00 on 04-Dec-2020 and a 52 week low of Rs. 21.40 on 27-Mar-2020.

Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 90.90 respectively. The current market cap of the company is Rs. 198.98 crore.

The promoters holding in the company stood at 38.99%, while Institutions and Non-Institutions held 0.31% and 60.70% respectively.

Prakash Pipes has added Chlorinated Polyvinyl Chloride (CPVC) Pipes & Fittings in its product range by commencing production at its Kashipur plant. CPVC Pipes & Fittings are used in hot water applications and is growing in popularity owing to its higher corrosion resistance at temperatures of around 60 degree Celsius to 90 degree Celsius, flame resistance, and other durability features.

As the company is already enjoying a sizable market share of Rigid UPVC Pipes & Fittings with wide distribution network, this addition of CPVC Pipes & Fittings to the portfolio will go a long way towards next phase of growth of the company.

Prakash Pipes manufactures a wide range of products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings. Its products find application in irrigation, drainage, housing, and sanitation.

Prakash Pipes Share Price

213.00 -1.75 (-0.81%)

16-Apr-2026 13:36 View Price Chart

Peers

Company Name	CMP
Supreme Industries	3642.80
Astral	1552.00
Finolex Inds	172.25
Nilkamal	1332.00
Jain Irrigation Sys	33.49
View more..

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Prakash Pipes surges on launching CPVC pipes & fittings for hot water application

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