Want to earn an awesome return on stock market investment in India? Our next bet is on multibagger stock Prakash Industries. You can invest in it for long-term and can expect great returns from it within 2-3 years period. Currently, Prakash Industries is in the portfolio of most of the big investors like Rakesh Jhunjhunwala and much more.
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Why Multibagger Stock Prakash Industries?
Prakash Industries was established in 80’s and basically deals in Steel & Power. Apart from that, it also digging Iron ore and Sponge Iron.
For the quarter ended 30-09-2017, the company has reported a Standalone sale of Rs 647.92 Crore and reported a net profit after tax of Rs 65.83 Crore in latest quarter. Its Debt to equity ratio is 0.26 which is great and performing better than its peers and EPS declared is 4.29 September 2017. More importantly, Prakash Industries current P/E ratio is 12 and is pretty good in terms of valuation. In the last one year, it has return more than 130% as compared to SENSEX that has given 16.60% only
Prakash Industries Shareholding Patterns
As you can see on the above chart, that promoters of Prakash Industries are holding only 40.80%. 23.80% & 23.70% are being kept by the others and general public respectively. FIIs also have shown interest in Prakash Industries and invest around 11.60%.
Competitors of Prakash Industries
| Company Name | Market Cap (R Cr) |
Revenue (R Cr) |
Net Profit (R Cr) |
Net Margin (%) | RoE (%) | Price to Book | Price to Earnings |
|---|---|---|---|---|---|---|---|
| Prakash Industries | 2,133.58 | 2,537.50 | 177.66 | 6.98 | 3.72 | 0.89 | 12.01 |
| Balmer Lawrie & Co. | 2,555.37 | 1,775.04 | 163.31 | 8.84 | 13.09 | 2.14 | 15.65 |
| Nava Bharat Ventures | 2,357.20 | 1,423.02 | 96.96 | 6.45 | 3.30 | 0.72 | 27.17 |
Technical Aspect of Multibagger Stock Prakash Industries
Multibagger stock Prakash Industries is listed on both NSE and BSE. It is currently trading at around 140 levels. If it manages to hold above 150 levels then within very short-term, it will hit 190. You can enter this stock only above 150 for a near-term target of 190. Don’t forget to put Stop Loss which will be at 135. Once it crosses above 190, you can expect Prakash Industries to move 225.
At this point, you can trail your Stop Loss to 188. You can book partial or full profit at this stage, but I suggest you hold the stock. For long-term investors, the next and final target will be 290, so hold the stock and revise your Stop Loss to 220.
However, if it correct from current level then you can enter around 110 with a strict Stop Loss at 100 for a short-term target of 140. In case, it breaks 100 level then exit from this counter and enter only above 110.
So, invest in multibagger stock Prakash Industries and double your money.
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