 "steel, iron, Essar, Bhushan")
Prakash Industries rallied to its almost seven-year high of Rs 149, up 9% on the BSE in intra-day trade after the company reported nearly five-fold jump in net profit at Rs 65 crore in September quarter (Q2FY18). It had posted profit of Rs 14 crore in the same quarter last fiscal year. The stock is trading at its highest level since November 2010.
The company’s turnover increased by 29% to Rs 648 crore in Q2FY18 against Rs 501 crore in the corresponding quarter of previous fiscal.
Prakash Industries said the growth in the profitability is on the back
The company’s turnover increased by 29% to Rs 648 crore in Q2FY18 against Rs 501 crore in the corresponding quarter of previous fiscal.
Prakash Industries said the growth in the profitability is on the back
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