Prakash Industries slumps to 20-month low

Reuters December 5 | Updated on December 05, 2018

A view of Prakash Industries factory in Chhattisgarh

Shares of integrated steel and power company Prakash Industries Ltd fell as much as 10.3 per cent to Rs 83.10, their lowest since April 5, 2017.

The Enforcement Directorate had on Tuesday attached the company’s movable and immovable properties worth Rs 117 crore in coal block allocation case.

More than 887,700 shares changed hands vs 30-day moving average of 669,437 shares. The stock marked biggest percentage loss since September 28. Prakash Industries stock had fallen 52.7 per cent this year as of last close.

Published on December 05, 2018

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor