Prakash Industries has hit a new 52-week high today at Rs.88.80, rising 9.5%. Its 20% UC for the day stands at Rs.97.35.
The company, after market hours yesterday announced its quarterly performance and they were very good. In Q4FY21, it achieved highest ever sales of around 2,72,142 tonnes of steel, recording growth of 9% (Q-o-Q basis) and 31% (Y-o-Y basis).
In FY21, it achieved highest ever sales of around 9,54,760 tonnes of steel, a growth of 3% despite disruptions due to CO VI D-19 pandemic.
In FY21, DRI Production was highest ever at 9,05,616 tonnes, recording growth of 11% over FY20.