Prakash Industries and its related companies were allegedly involved in coal-block allocation cases being pursued by investigating agencies. The ED is probing a money-laundering case linked to the allocation.

Delhi HC quashes ED order on attachment of assets over coal deal

Prakash Industries standalone net profit rises 2.07% in the March 2022 quarter

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Mishra is a Chartered Accountant and has experience of more than two decades.

Prakash Industries appoints Deepak Mishra as Chief Financial Officer with effect from today; Stock jumps 4%

Prakash Industries declined 3.83% to Rs 51.50 after P. L. Gupta resigned as Whole-time Director designated as Director (Finance) and Chief Financial Officer (CFO) of the company with effect from 18 December 2021 due to personal reasons.

Prakash Industries skids after CFO P. L. Gupta steps down

The auction was carried under Tranche-V in the CPP subsector.

Prakash Industries secures long-term coal linkages of over 8.10MT yearly for captive power plant in a Coal India-led auction

The Directorate of Enforcement has provisionally attached properties worth Rs227.95cr of the company.

Prakash Industries to seek legal remedy against ED’s provisionally attached properties worth Rs227.95cr

PSU telecom players MNTL hit its upper circuit as the government is eyeing to unlock the value of its land bank. JBM Auto shined before the stock split. Prakash Industries topped among the losers and investors booked profits in Nxtdigital.

Biggest gainers & losers of the day: MTNL hits upper circuit, Inox Wind drops 7%

Coal India Ltd, PVR Ltd, Godfrey Phillips India Ltd and Sagar Cements Ltd are among the other losers in the BSE’s ‘A’ group today, 06 December 2021.

Prakash Industries Ltd leads losers in ‘A’ group

Properties worth Rs 227.95 crore were attached

ED attaches properties of Prakash Industries under money laundering case

Prakash Industries announced that the Nominated Authority of Ministry of Coal, Government of India has issued a vesting order in its favour with respect to the Bhaskarpara Coal Mine in Chhattisgarh.

Prakash Industries receives a vesting order for Bhaskarpara Coal Mine in Chhattisgarh

Hasn't faired well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Prakash Industries Limited is engaged in mining, steel and power operations through manufacturing of MS billet, ferroalloys, MS thermo mechanically treated (TMT) and MS coil, and allied and HB wire rod.

Prakash Industries Ltd