Prakash Industries reports highest ever Q1 sales volume

The share price of Prakash Industries added 3.3 per cent intraday on Wednesday after the company reported its highest ever quarterly sales volume in the June quarter of FY19. 

The company, in its press release, said that owing to higher capacity utilization and operational efficiency, it has achieved its highest ever quarterly sales volume of around 2.40 lakh tonnes in the first quarter of financial year 2019, registering growth of around 26 per cent as compared to the first quarter of financial year 2018. 

Earlier this week, the company had announced receiving stage-I approval for Sirkaguttu Iron Ore Mine. 

At 12:45 hours on Wednesday, Prakash Industries was trading at Rs. 146.35 per share, up by Rs. 1.15 or 0.96 per cent on NSE. The stock opened at Rs. 147.95 and touched an intra-day high of Rs. 149 per share on NSE. The stock has a 52-week high of Rs. 276 and a 52-week low of Rs. 92.10 per share on NSE. The stock attracted a traded volume of 4,99,295 shares on NSE.