Monday, May 31, 2021

PRAKASH | Stock Analysis and Price Outlook


Prakash Industries Ltd.

CMP  84


Prakash Industries Limited operates as an integrated steel and power company in India. The company produces sponge iron; steel billets and blooms; ferro alloys; wire rods and HB wire products for use in binding wires, GL wires, fencing barbed wires, armored sealed wires for heavy electrical cables, nut bolts, nails, screws, alpine products, wire ropes, wire mesh products, etc.

➽  Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.


➽ Key Stat

Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Company with decreasing Promoter pledge


Promoters unpledged 0.95% of shares in last quarter. Total pledge stands at 54.78% of promoter holdings
Promoters have decreased holdings from 42.04% to 40.98% in Mar 2021 qtr
Mutual Funds holding remains unchanged at 0.03% in Mar 2021 qtr
Number of MF schemes remains unchanged at 6 in Mar 2021 qtr
FII/FPI have decreased holdings from 3.23% to 2.84% in Mar 2021 qtr
Number of FII/FPI investors decreased from 41 to 37 in Mar 2021 qtr
Institutional Investors have decreased holdings from 3.26% to 2.87% in Mar 2021 qtr


Financial Data Highlights

Market Cap1549.06
Book Value/ Share168.183
Enterprise Value199.01
Revenue TTM2831.36
Gross Profit TTM910.93
Revenue /Share TTM165.26

Key Profit & Loss Data

Period31_Mar_2020Growth
Net Inc118.1978.08 %
Ops Income203.9868.43 %
Revenue2973.6417.11 %
Ops Expense2768.375.62 %
PBT118.1978.61 %
Gross Profit751.9534.95 %
Div Paid-20.550 %

 Price Outlook


Mid Range Momentum - Stock is Mid Range compared to Short, Medium and Long Term Moving Averages
211.72% away from 52 week low
16.23% away from 52 week high
Outperformer - Prakash Industries up by 9.1% v/s NIFTY 50 up by 6.05% in last 1 month

Hold and accumulate for the levels of 98- 104 in short term and  128- 144 in mid term




Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.

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