Prakash Industries rushes up
Monday, July 6, 2009 10:35 am20,079shares have been traded on BSE in the counter. The stock saw a standard everyday volume of 2.58lakh shares in the last single quarter.
The stock got an up of Rs.119 and a down of Rs.117.05 till now. The stock saw a 52-week up of Rs.187 on 6th August last year and a 52-week down of Rs.32.10 on 21st November last year.
The stock dipped 10.58% as opposed to the BSE’s 0.28% increase. It had leaped 132.59% as opposed to the BSE’s profit of 44.10%.
The present price of Rs.118.05 slashes the company’s Quarter 4 March annualized EPS of Rs.17.96 by a PE manifold of 6.57.
The company will begin issuing FCCBs on 20th July and the same will end by mid-August this year.
Prakash Industries’ net earnings increased 34.7% on 10.5% decrease in net sales to Rs.312.24crore in Quarter 4 March over Quarter 4 March last year.
