LGB Forge Ltd, Prakash Steelage Ltd, Reliance Home Finance Ltd and Megastar Foods Ltd are among the other losers in the BSE’s ‘B’ group today, 11 April 2022.

Kaushalya Infrastructure Development Corpn Ltd leads losers in ‘B’ group

Bulk deals | BNP Enterprises sold 5,50,279 equity shares in Lasa Supergenerics at Rs 73.23 per share on the NSE, while LTS Investment Fund sold 14,93,610 equity shares in Prakash Steelage at Rs 9.25 per share.

Bulk Deals | Societe Generale Buys 57,406 Shares In Alkali Metals; Nomura Acquires 50 Lakh Seacoast Shares

Prakash Steelage reports standalone net profit of Rs 52.39 crore in the March 2021 quarter

Prakash Steelage reports standalone net loss of Rs 1.72 crore in the December 2020 quarter

Prakash Steelage standalone net profit rises 175.00% in the September 2020 quarter

Prakash Steelage reports standalone net loss of Rs 0.58 crore in the June 2020 quarter

Tubacex made its entry to India through the acquisition of Prakash Steelage

Midhani, Tubacex team up for advanced materials, specialised products

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Prakash Steelage Limited is a manufacturer of stainless steel seamless and welded pipes, tubes and U-tubes. The Company is also engaged in trading of stainless steel tubes and pipes.