Prakash Steelage is currently trading at Rs. 95.00, up by 0.60 points or 0.64% from its previous closing of Rs. 94.40 on the BSE.
The scrip opened at Rs. 94.50 and has touched a high and low of Rs. 95.00 and Rs. 94.50 respectively. So far 2022 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 200.00 on 04-Sep-2012 and a 52 week low of Rs. 82.00 on 22-Feb-2013.
Last one week high and low of the scrip stood at Rs. 99.00 and Rs. 93.00 respectively. The current market cap of the company is Rs. 166.25 crore.
The promoters holding in the company stood at 65.84% while Institutions and Non-Institutions held 4.23% and 29.93% respectively.
Prakash Steelage has received an approval to enter into a joint venture (JV) with Kargwal Developers (Omkar Group) to develop its unutilized barren land situated at Village Palgam, Taluka Umbergaon, District Valsad, Gujarat as industrial plots / sheds / commercial / residential construction. The board of directors at its meeting held on May 30, 2013 has approved for the same.
The board has also approved to initiate trading, import and export of steel and steel products through the company’s wholly-owned subsidiary Pioneer Stainless & Alloy - F.Z.E., UAE.
Prakash Steelage specializes in meeting specific requirements of customers and offers complete solution for stainless steel welded & seamless pipes and tubes.
