Prakash Industries declined 1.37% to Rs 118.40 at 15:55 IST on BSE, after 59.40 lakh shares or 5.14% of the company's equity changed hands in a block deal on NSE at Rs 121.95 each.
The stock hit a high of Rs 127 and a low of Rs 116.15 so far during the day. The stock has a 52-week high of Rs 354.60 on 1 January 2008 and hit a 52-week low of Rs 109 on 18 September 2008.
The company’s current equity is Rs 115.47 crore. Face value per share is Rs 10.
The current price of Rs 118.40 discounts Q1 June 2008 annualized EPS of Rs 23.17, a PE multiple of 42.83.
Prakash Industries’ net profit rose 33.4% to Rs 66.88 crore on 43.6% increase in net sales to Rs 392.07 crore in Q1 June 2008 over Q1 June 2007.
The principal activity of Prakash Industries is to manufacture sponge iron, steel billets, wire rod and rigid PVC pipes and generation of power.
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