Prakash Industries hits 52-week high on clocking highest-ever sales volume

By SI Reporter3 days ago

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Shares of Prakash Industries snapped their two-day losing run and jumped over 9 per cent to scale a fresh 52-week high of Rs 88.80 on the BSE in intra-day trade on Thursday after the firm said it has recorded the highest-ever sales volume in the financial year 2021-22 (FY21).

Around 11.20 am, the scrip was trading 6.59 per cent higher at 86.50 on the BSE as against a 0.84 per cent gain in the BSE barometer Sensex. In the past month, the stock has outperformed Sensex with a surge of nearly 47 per cent as against the index's 1.5 per cent decline.

The smallcap firm which is engaged in the mining, steel and power industry in an exchange filing, on Wednesday, informed that the company achieved the highest-ever sales of around 9,54,760 tonnes of steel, a growth of 3.13 per cent over FY 2019-20 despite disruptions due to the Covid-19 pandemic.

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