Monday, December 3, 2012

Prakash Industries can scale up to great heights

Prakash Industries Ltd.

Prakash Industries Ltd was started in the year 1980. With focused vision in the core competence areas of Mining, Steel and Power, Prakash Industries Ltd. is rapidly carving its niche in the Indian steel industry and has emerged as one of the key producers of value added steel products in the country. For highest value addition, company has always emphasized on forward & backward integration.

To visit company's website, visit here.

Financials can be obtained from here

Prakash Industries is all set to go up. It is fundamentally a strong stock, currently trading at a PE of 2.9 and 0.36 times its BV.

It has got expansion plans in the field of power generation which will be adding to its revenues.

ZEE Business is recommending it for a possible target of 72.

You can buy it for possibly good returns.

Price as of now: 52.10, Target 1: 72, Target 2: 118 and Target 3: 145


Value Stock Picker.

Disclaimer: I have some personal holding in the stock

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