Stock Report

Prakash Industries Limited's surplus land attached by ED



Posted On : 2021-12-06 18:58:17( TIMEZONE : IST )

The Directorate of Enforcement has provisionally attached properties worth Rs. 227.95 crores. The provisionally attached assets are in the form of land at Hissar, Delhi, Noida and Chhattisgarh. Out of the provisionally attached assets, land worth Rs. 32.66 crores at Hissar and Chhattisgarh, which is surplus land, is owned by Prakash Industries Limited. The balance provisionally attached properties belong to the Promoter group. As all provisionally attached properties are surplus land, the operations of the Company shall remain unaffected.

The Company is in the process of seeking legal remedy against the said provisional attachment order.

Shares of Prakash Industries Limited was last trading in BSE at Rs. 55.80 as compared to the previous close of Rs. 61.10. The total number of shares traded during the day was 549546 in over 5878 trades.

The stock hit an intraday high of Rs. 57.35 and intraday low of 50.85. The net turnover during the day was Rs. 30168046.00.

Source : Equity Bulls

Keywords

PrakashIndustriesLimited INE603A01013 ED Attachment Assets EnforcementDirectorate