Dolly Khanna Bought 14,17,996 Shares & Mukul Agrawal Holds 1.40 Per Cent Stake: Multibagger Steel & Power Stock To Keep Under Radar
The stock gave multibagger returns of 205 per cent in just 2 years and a whopping 560 per cent in 5 years.
India benchmark indices ended the day in red, the Sensex Index closed down 0.51 per cent at 73,847 and the NSE Nifty-50 Index down 0.61 per cent to 22,399. Along with the market in red, the stock ended the day down, slipping 1.69 per cent to Rs 159.90 per share. Its intraday trading range was Rs 164.85 at the high and Rs 157.45 at the low. The stock's 52-week high stands at Rs 237.25 per share while its 52-week low is Rs 132.50 per share.
An ace investor, Dolly Khanna, bought 14,17,996 shares and increased her stake to 2.07 per cent ( 37,13,174 shares) in March 2025 compared to December 2024. Another ace investor, Mukul Agrawal, holds 25,00,000 shares or 1.40 per cent stake in the company as of March 2025.
The buzzing stock name is PRAKASH INDUSTRIES LTD
Prakash Industries Ltd is an India-based company primarily involved in the manufacturing and sale of a diverse range of steel products, including sponge iron, steel billets, ferro alloys, wire rods, HB wires, and TMT bars, with approximately 71 per cent of its revenue generated from its top ten customers. The company possesses significant manufacturing capabilities across two facilities in Chhattisgarh, boasting capacities of 1.20 MnTPA for sponge iron, 1.25 MnTPA for steel billets, 0.13 MnTPA for ferro alloys, and 1.10 MnTPA for finished steel products, further supported by captive iron ore mines in Odisha (Sirkaguttu) and Chhattisgarh (Kabirdham).
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Additionally, Prakash Industries operates a substantial 245 MW captive power plant in Chhattisgarh, utilizing both waste gases and thermal routes, along with a 6 MW windmill unit in Tamil Nadu, showcasing its integrated operations and focus on both steel production and power generation. The company has a market cap of over Rs 2,800 crore with a 5-year stock price CAGR of 50 per cent. The shares of the company have a PE of 8x whereas the industry PE is 23x. The stock is trading at 0.92 times its book value. The stock gave multibagger returns of 205 per cent in just 2 years and a whopping 560 per cent in 5 years.
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Disclaimer: The article is for informational purposes only and not investment advice.