Monday, 3 April 2017
On 4/03/2017 03:40:00 pm by Suhani Varma in Accurate Stock Tips, best intraday tips provider, best stock tips, Equity Tips, Indian stock tips, intraday tips, Premium Equity Tips, Share advisory, Shares Tips, Stock Option, ways2cap Premium Equity Tips No comments

Prakash Industries stocks are galloping on BSE over 5% at Rs 80.95 per share, as the company has received notice from FCCB holders for conversion of 66 FCCBs, each amounting to Rs $50,000 into 34,97,861 number of equity shares of face value Rs 10 each.
After the conversion, the paid up capital of the company has jumped to Rs 1,42,54,41,920, showing a growth of 2.51%.
The stock has outperformed both BSE Small-cap index & BSE Sensex on a yearly basis. Prakash Industries Limited is engaged in the production of ferro alloys, MS TMT/MS Coil and allied products, HB Wire Rod, and PVC pipes and sockets. BSE Small-Cap index is trading up by 182 points or 1.26% at 14615 levels.
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