COMPANY NAME- PRAKASH INDUSTRIES

RECOMMENDATION – BUY
CURRENT PRICE – 184
TARGET – 200, 210
TIME FRAME – 1 TO 2 WEEKS

COMPANY BASIC INFORMATION

ISIN Id – INE603A01013
BSE Id – 506022
NSE Id – PRAKASH
INDUSTRY – Diversified
Market Cap – 2,127.03
Book Value – 73.65
EPS (TTM) – 18.65
Price/Book – 2.50
Face Value – 10.00
P/E – 9.88
Div(%) – 0.00
Industry P/E – 21.48
P/C – 8.25
Div Yield (%) -

STOCK PRICE HISTORY (NSE)

All Time High – 355.15
All Time Low – 1.05
52 Week High – 186.80
52 Week Low – 33.05

DAILY CHART-

Recommendation-

The stock has formed an uptrend channel on the Daily Charts and is witnessing a huge buying interest. On the weeklies also the stock has given a breakout from a major base formation. Currently the counter is trading above its short term moving averages as well .We Recommend a Buy on the stock around 170-175 levels for a very short term target of 200-210 with a closing stop loss below 160.