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Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

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Friday, June 26, 2009

Prakash Industries Ltd:-Company set to rock your portfolio

Scripscan:Prakash Industries Ltd
cmp:105
Code:506022

Story:PIL, part of 'Suryaroshni' Group was started in the year 1980 by Shri.B.D. Agarwal. Its Integrated Steel Plant is located at Champa in Chhattisgarh. Company has following divisions:
1) Sponge Iron:
2) Blooms: This is forward integration wherein R/M is sponge iron etc.
3) Steel Structurals: Its Hot Rolling Mill for making beams, channels,angles etc. which are used mainly by Construction Industry.
4) Wire Rods and H.B. Wire: H.B. Wire Mill which are used for barbed wire, fencing, nuts, bolts etc.
5) Ferro Alloys.
6) PVC Pipes: Used for irrigation, drainage etc.
7) Wind Energy: Company set up Wind Generation PowerPlant in Tamil Nadu.

Conclusion:The company at present prices is quoting at single digit valuations 1 year forward earnings.Its CMP is significantly lower than 52 week high of Rs. 200/-.Its extremely low for fully integrated steel player.Company is planning further investments of Rs. several hundred crores to enhance its production capacities. Compared to last year, sponge iron prices are on the lower side. If, sponge iron prices go upto 2007-08 level,Prakash can report much much higher profits for coming years. Investment strongly recommended at dips as share price can go upto Rs. 130/- in 3-6 months and Rs 175 in 15-18 months.

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Posted by Arun Mukherjee at 6:45 AM

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This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
 
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